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Apple Smashes Record Again:74.5m Iphones Sold - Phone/Internet Market - Nairaland

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Apple Smashes Record Again:74.5m Iphones Sold by iker: 11:40am On Jan 28, 2015
-Total revenues of $74.6bn best expectations and contribute to $18bn profit

-Company is preparing to launch Apple Watch in April

Apple sold a record 74.4m iPhones in the three months to the end of 2014, the company announced Tuesday, comfortably beating analysts’ expectations as sales of its two newest models soared during the Christmas holidays and found new fans in China.

The tech company announced a record $74.6bn in revenues for the all-important third quarter – well ahead of the $67.5bn expected by analysts – and a record quarterly net profit of $18bn. Apple, the world’s most valuable company, ended the quarter with $178bn in cash.

Apple chief executive Tim Cook called the sales “phenomenal” and said the company had sold 34,000 iPhones an hour every day of the quarter. “This volume is hard to comprehend,” Cook said.

Sales were led by China, up 70% on a year ago. Sales in the Americas and Europe were up 23% and 20% respectively.

The iPad’s popularity continued to wane, however. Apple sold 21.4m of the devices in the last quarter of 2014, less than analysts had expected, but iPhone sales cheered investors. Ahead of Apple’s announcement analysts had predicted the company would report sales of iPhone 6 and iPhone 6 Plus of between 66m and 70m over the quarter. Apple’s shares jumped 5% in after-hours trading.

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