iPhone Sales Must Be Going Bananas -- Gene Munster Just Raised Estimates Again

cheering, happy, excited, grand central apple store opening, december 9 2011, bi, dng

Photo: Daniel Goodman / Business Insider

Apple analyst Gene Munster of Piper Jaffray is raising his estimate for iPhone for the second time in two weeks.He thinks Apple sells 30.6 million iPhones for the holiday quarter, which is up by 600,000 from his previous estimate. (Last week he raised iPhone estimates for the holiday quarter by 4 million.)

Munster also lowered his Mac estimates for the quarter by 300,000 units based on weak NPD data.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.