GTSO: iPhone 5 Release Could Mean Billion-Dollar Windfall for E-Waste Recyclers
Green Technology Resources, Inc. (OTCBB: GTSO) believes that the impending release this month of Apple’s (NAS: AAPL) new iPhone 5 could spark a major economic boost far beyond your local Apple Store. The coveted smartphone could also lead to a windfall of obsolete phones for e-waste recyclers.
Last week, Apple announced plans to launch the iPhone 5 in nine countries on September 21, and top market analysts immediately began crunching numbers. The smartphones are famous for their huge debuts. The iPhone 4 sold around 113,000 units a day worldwide upon release and the iPhone 4S about 191,000. Horace Dediu, an independent analyst at Asymco, estimated that Apple’s latest smartphone could sell a total of 220,000 per day for a total of more than 6 million units around the globe on launch weekend alone.
J.P. Morgan’s equity analysts expect Apple to sell about 8 million iPhone 5 units in the final three months of the year.
Source: DailyFinance