KGI analyst Ming-Chi Kuo said yesterday that Apple would top expectations and sell 73 million iPhone units, 2 million more than other analysts were predicting. It turns out even Kuo was wrong as Apple confounded the industry and confirmed that it sold a mind bending 74.5 million iPhones through its fiscal second quarter (4th calendar quarter).
To put that into perspective, Apple sold more smartphones in three months than the likes of Xiaomi, Lenovo, Motorola, Huawei, LG and others managed in a whole year. The staggering number is equally astonishing when it is broken down. It equates to 34,000 iPhones sold around the world every hour for the entire fourth quarter.
Even CEO Tim Cook was surprised, saying that "this volume is hard to comprehend" and with an average selling price of $687, the iPhone is raking in cash for the company. It was also a landmark quarter as Apple sold its one billionth iOS device, and it was a rather standard grey iPhone 6 Plus.
