The Apple iPhone 12 preorders on the first day surpassed iPhone 11 preorders on the first day last year, famed Apple analyst Ming-Chi Kuo of TF International Securities said on Monday. The orders topped 2 million for iPhone 12 models in the first 24 hours, up from 800,000 units of the iPhone 11 for the same period last year.

In a research note, Kuo predicted that Apple may sell up to 9 million iPhone 12 units. "Kuo has an excellent track record predicting future Apple products and sales, so his reports carry extra weight, especially since Apple stopped reporting unit sales for the iPhone two years ago," reports CNBC. "Apple stopped reporting first-weekend sales of new iPhone models several years ago."

The tech giant has launched four new iPhone 12 models with 5G capabilities. The tech giant is expected to witness 15 per cent iPhone growth next fiscal year and the primary wave of Apple 5G telephones has placed the ball in carriers and builders' court, research-driven US venture capital firm Loup Ventures has forecast.

iPhone 12
Apple iPhone 12 screengrab/EverythingApplePro

Apple has launched four new iPhone 12 models with 5G capability. According to a report in DigiTimes, Apple iPhone 12 series shipments are expected to reach as many as 80 million units by the end of the year owing to more affordable pricing strategy.

Forecast by Taiwanese Carriers

Taiwanese carriers have forecast that Apples latest iPhone 12 series will have stronger sales than the iPhone 6 and iPhone 6 Plus. According to Economic Daily News, Apple suppliers Foxconn and Pegatron are offering workers on the assembly line increased bonuses in order to keep up with the strong demand for devices, following pre-orders for the iPhone 12 and iPhone 12 Pro.

"Earlier this week, Taiwanese carriers reportedly sold out of iPhone 12 pre-orders in 45 minutes, though it is unclear if there was limited stock," the report mentioned.

Introduced in 2014, the iPhone 6 and iPhone 6 Plus were extremely popular thanks to their larger 4.7-inch and 5.5-inch displays, helping Apple sell a record 135.6 million iPhones in the two quarters after the devices launched.