Apple posts record iPhone sales as iPad demand falls

Apple sold 43.7 million iPhones in the last three months, comfortably beating predictions by Wall Street analysts, but the company saw its iPad sales fall, dipping from 19.5 million in the first three months of last year to 16.35 million in 2014.

Despite initial concerns that the plastic iPhone 5c was a flop, Apple sold five million more iPhones in the first three months of 2014 than it did in the same period last year. Company CEO Tim Cook said 60% of iPhone 5c buyers were switching to iOS from Android - and 62% of the older iPhone 4s buyers were also coming from Android.

Overall, the company posted £27.2 billion of revenue for the quarter and net profit of £6bn.

Teasing the long-awaited iWatch fitness tracker and other products, Cook said: “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”

Despite the fall in iPad sales, Cook remained positive, saying he was “very bullish” about the tablet.

As users switch from MP3 players to smartphones, sales of the iPod range continued to decline. Apple sold just 2.8 million iPods in the three months to the end of March, representing a 50% drop from the 5.6 million it sold in the same period last year.

 

Source: Apple

 

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