Anyone who said that smartphone sales were waning is being proven wrong. On October 20, Apple announced it had sold an amazing 39 million iPhones in the fourth quarter of the company’s accounting year. The iPhone 6 and 6 Plus, which were launched last month, were a big part of the sales record. Apple reported over $41 billion in revenues, beating expectations from analysts by $2 billion, which is no shabby amount. The firm’s net income was $8.5 billion, about $1 billion more than in the same quarter last year. Further, earnings per share went from $1.18 to $1.42 because of the buy-back program.
The question now is if the big boom of iPhone sales will continue. Of course, they just started selling in China and they are very popular there. Another issue is how well the new iPads will do now they have been announced. Sales were down in the past two quarters, with only 12.3 million sold in the last quarter compared to 14 million in the same period last year. Only time will tell if Apple can continue the boom in iPhone sales and increase iPad sales.
