360° Coverage : iPhone Sales Set New Records

iPhone Sales Set New Records

Apple announced yet another record setting quarter

Jul 24 2014, 12:45am CDT | by

iPhone Sales Set New Records
Photo Credit: Getty Images

The iPhone is the life-force behind Apple after they announced another stellar quarter in 2014. In the third quarter, Apple sold 35.2 million iPhones, which is up 13 percent from the previous year.

While that number is slightly below the predictions that analysts had made, it is still outselling the competition. Samsung in particular. According to their announcement, they earned $7.7 billion in profit, much of it coming from the iPhone. Their total revenue was an incredible $37.43 billion in total.

A large part of these iPhone sales are coming from the fact that they have recently moved into new markets in China and found a new audience that has largely converted to Apple. What makes Apple investors excited is that there is a new iPhone reported to be coming out later in the year. Typically sales drop leading up to a new launch, but so far things have remained strong for the company.

Samsung, in contrast, announced that they were selling 24 percent fewer phones in the same quarter. They blame the time of year for the reduction in sales, although Apple credits themselves with this drop.

It is important to note that iPad sales were actually down by a large percentage, although the recent partnership with IBM is expected to increase those sales as well.

It is hard to say what the rest of their year will look like, although there are reports that they have ordered up to 80 million iPhone 6 devices for their launch, their largest yet.

Source: nytimes

 
 
 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

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