Apple Sold Up To 2 Million iPhone 12 Models In The First 24 Hours Of Preorders

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Apple sold more iPhone 12 models in the first 24 hours of preorders last week than iPhone 11 models sold in the same period last year, according to top Apple analyst Ming-Chi Kuo of TF International securities.

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In a research note Monday, Kuo reported that Apple sold up to 2 million iPhone 12 units in the first 24 hours, up from 800,000 units of the iPhone 11. But for the full weekend of preorders, which ended Sunday, Kuo predicted Apple would sell up to 9 million iPhone 12 units, down from the iPhone 11′s 12 million for the same period. The iPhone 12 Pro sold better than expected thanks to strong demand in China, Kuo said.

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