Apr
25
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Apple iPad Sales Soar

Apple’s new 3G iPhone is helping spur sales growth.

Over 2/3 of all cell phones sold in 2012 have been smartphones.  Hence, smartphone penetration has now exceeded 50% in the USA.  While Android is the dominant smartphone OS, Apple’s iPhone sales continue to flourish.

Apple soared past analysts’ expectations, reporting on Tuesday a nearly 60% increase in sales and a 94% rise in profits in its fiscal second quarter compared with a year earlier. The company sold 35.1 million iPhones, many of them in China, where sales leaped by 400%. Analysts had feared lower-priced rivals would eat into iPhone sales, but the report “shows they are able to maintain their pricing without compromising on growth,” said Michael Holt, a Morningstar analyst. Sales of iPads grew 151% to 11.8 million units. Verizon Wireless and AT&T together sold 7.5 million iPhones and are prospering from data services sold through the smartphone.

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