If the sales momentum Apple logged on Friday persists through the holiday sales quarter, the final three months of 2014 will, indeed, be very, very good to Apple's bottom line and share price.

Following a record-breaking 4 million new iPhone preorders after Friday morning's launch, Wall Street watchers and industry analysts are now upping their projections for iPhone sales in the fourth and final quarter of 2014's calendar.

Although Apple will only have a matter of days to record iPhone 6 sales for the quarter ending September 30th, Rob Cihra of Evercore Partners believes Apple may ship over 35 million iPhones this quarter.

But that pales in comparison to what's in store for Q4. Cihra now believes Apple will ship 59 million iPhones in the final three months of this year -- a better than 20% jump in shipments over the same quarter of 2013 when iPhone 5s and iPhone 5c were all the rage.

Shares of AAPL are still trading up on the day (+$0.31) hovering at just under $102 a share.

Source: Evercore Partners (via AppleInsider)