For the first time Apple sold more iPhones in China than the United States. Apple’s iPhone sales in China skyrocketed recently, increasing the revenue in China by 71% to $16.8 billion. This was certainly helped by the upcoming Chinese New Year. Chief Executive Tim Cook also says that it’s a result of China’s expanding middle class.
In the last quarter, Apple sold a total of 61.2 million iPhones, up 40% from the year-ago quarter. It sold 12.6 million iPads, which is actually down 23% from a year ago.
As FBR Capital Markets analyst Daniel Ives said, “A 60 million-plus iPhone number is a home run and will be cheered by the Street as this remains the bread and butter of Apple.”