Apple may sell 100 million new iPhones by year’s end

Apple may sell up to 100 million iPhone 7s by the end of the year thanks to better-than-expected initial sales, likely a direct result of rival Samsung's recall of the Galaxy Note 7, according to a report from South Korean analysts.

Korean component vendors for Apple expected a volume of 80 million to 85 million units, but this has jumped by between 17-25% to over 100 million by the end of the year, said IBK Investment & Securities analyst Lee Seung-woo. "The order to stop using the Galaxy Note 7 and continuous incidents of them exploding in the US likely have leaned US consumers towards the iPhone," said Lee, in a note to clients — as noted by ZDNet. "It is indisputable that the Galaxy Note 7 incident has become a huge plus for Apple."

Initial stocks of the iPhone 7s have sold out in the US, China, and the UK.