Apple’s best sales quarter in its 38-year history

The iPhone 6 didn’t just supersize the phone’s screen size. It also supersized Apple’s financial results.

The Cupertino, Calif., electronics giant on Tuesday reported the best sales quarter in its 38-year history, as demand for its newest smartphones, the 4.7-inch iPhone 6 and the 5.5-inch iPhone 6 Plus,soared beyond analysts’ expectations.

The company said it sold a record 74.5 million iPhones during the period, much higher than the 66.5 million estimated by analysts, according to a poll by Fortune. That’s 46 percent more devices than the record 51 million sold in the year-earlier quarter. This was the first full quarter of iPhone 6 and 6 Plus sales since their debut.

Apple also projected strong sales for the current quarter thanks to continued demand for its newest models, which went on sale in September. The iPhone’s success came at the expense of the iPadtablet, which posted its fourth consecutive decline as consumers opted for large phones over Apple’s tablet computers.

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Source: CNET

 

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