Apple is riding the crest of another huge wave with the announcements that the iPhone sold 73.4 million iPhones and recorded the best ever quarterly profit in business history. According to Cupertino CEO Tim Cook, the huge success of the iPhone 6 and iPhone 6 Plus did not come from Apple fans, but instead came from Android users.
The frankly unheard of demand for the iPhone through the last quarter propelled Apple to a rare thing in business. The company managed to achieve a triple whammy of selling more products, selling them at higher prices, and increasing profit margins.
Yesterday we wrote how one KGI analyst said that Apple would announce sales of 73 million units of the iPhone through Q4, topping general predictions. As it turned out, Apple announced its earnings call last night and the company surpassed even Ming-Chi Kuo's top end prediction with a massive 74.5 million iPhones selling through the Holiday Season quarter.
It has been well documented that Apple has sold phenomenal amounts of iPhones since the iPhone 6 and iPhone 6 Plus launched back in September. However, the extent of sales through the Holiday Season seem to be on another level entirely according to noted KGI analyst Ming-Chi Kuo.
Apple's iPhone 6 and iPhone 6 Plus has been hugely successful even for a company used to smashing records through each new version. They have pushed Cupertino to new heights, especially in Asian markets where Apple has enjoyed massive growth thanks to the iPhone 6 and 6 Plus.
Apple is used to mammoth sales all around the world, but there are still some markets where Cupertino is only making fledgling steps. For example, India is still a growing market and Apple has yet to make a massive impact, but there are signs that the iPhones popularity in the country is growing. Through the fourth calendar quarter Apple sold 500,000 iPhone units in India.
Apple and Samsung have been locked in a war over which company dominates the smartphone market for years, with Samsung's slew of Galaxy devices topping market share while Apple's iPhone steal the thunder for an individual handset. Neither the iPhone 6 or the Galaxy S5 are cheap devices, they occupy the flagship area and offer premium appeal and high end specs. However, how much does it cost to actually source the components for these smartphones?
Apple has enjoyed enormous success with the iPhone 6 and iPhone 6 Plus, two devices that have been so popular that they even rode the "bendgate" saga. They have sold in tens of millions, dominated the Thanksgiving Holiday and will be the big selling devices of Christmas too. The demand is so high that there is still a waiting list for orders of the iPhone 6 and iPhone 6 Plus over at Apple's official website.
Apple was once dead against large screen phones, but with the iPhone 6 Plus the company climbed down from its pretty high horse. Cupertino's 5.5-inch device entered the phablet market very late, an area of the smartphone world dominated by Android devices, especially those made by Samsung, the Galaxy Note series. However, Apple can feel pretty jolly about the result as the iPhone 6 Plus has swept all before it, including Samsung's fantastic Galaxy Note 3 and Note 4.
According to numerous reports today, Apple is set to discontinue the iPhone 5s in 2015, bringing its "affordable" iPhone to an end. Cupertino has already instructed its suppliers Foxconn and Wistron to tone down production and will stop selling the device in the middle of 2015.