How Many iPhones Must Apple Sell to Keep the Street Happy?

That's alot of iPhones if you ask me... 

Full article here: CNBC

David Paul Morris | Bloomberg | Getty Images Apple's iPhone 5

Apple needs to sell about six million iPhone 5 units by the end of this weekend to ease investors' concern about supply constraints, said Peter Misek, Jefferies managing director and senior technology analyst, Tuesday.

"If they do anything greater than six million, it will be a huge positive," Misek said on CNBC's Squawk on the Street.

Wall Street has been concerned that there are still "significant supply constraints," that would limit Apple [AAPL  701.91    2.129  (+0.3%)   ] to only being able to produce about five to six million of the new phones before the end of the month, he added.

"So if we get a six million unit number, that will really lay a lot of those concerns," Misek said. He expects the tech giant to sell about eight million iPhone 5 units, including pre-orders, by the end of the first weekend.

Tavis McCourt, an analyst for Raymond James, also said he expects Apple to sell about 8 million iPhones during the time period leading up to the last day of Apple's fourth quarter, which is Sept. 29.

The iPhone maker announced Monday that it already had two million pre-orders for the iPhone 5 during the first 24 hours it was available online.

Apple's stock reached $700 a share for the first time in after-hours trading Monday and the stock closed at a record high of $701.91 Tuesday. But the stock could still go higher, analysts said.