Tons of sources now say that iPhone 11 preorders are crushing it

A source familiar with Apple’s supply chain said in a note to customers earlier this week that pre-orders for iPhone 11 had a good start, just as we noticed that most versions of iPhone 11 Pro sold out. , like several of the new colors of the iPhone 11 options. It took Apple less than three days to run out of stock of some models, offering delivery estimates of up to three weeks for some of them. But Ming-Chi Kuo is not the only analyst who observed a significant improvement in sales during the preorder period.

Kuo revised its iPhone 11 shipping estimates to between 70 million and 75 million units in 2019, compared to its previous forecast of 65 million to 70 million.

As Reuters explains, several Wall Street analysts also said Monday that iPhone 11 sales had a better start than their predecessors.

Chinese e-commerce site revealed on Saturday that day pre-orders increased 480% compared to the same period last year, with the three most popular versions being the Midnight Green iPhone 11 Pro and the Black and Purple iPhone eleven.

Alibaba’s Tmall platform posted iPhone 11 sales 335% higher on the first day compared to iPhone XR presales last year, Chinese media Yicai said.

“We are careful to extrapolate the data from the first weekend, although it is fair to say that it is ahead of last year’s releases,” said analysts at the brokerage owned by Nomura, Instinet. “If the anticipated shipping time data is maintained and translated into unit volumes, Apple could compensate for the reduction in this year’s average sales price.”

Daniel Ives of Wedbush said he performed checks with suppliers in Asia, including China, and concluded, as Instinet, that the initial orders looked good.

The iPhone 11 series phones are available to book for a few more days, with prices starting at $ 699 (iPhone 11), $ 999 (iPhone 11 Pro) and $ 999 (iPhone 11 Pro Max), and will begin shipping on September 20.

Apple no longer reports the performance of iPhone orders, nor does it reveal any iPhone figures during its quarterly earnings reports.