It was only a few months ago that Apple announced sales of its newest iPhones, and now they have just reached an amazing milestone. The iPhone 12 series passed 100 million sales in April, meaning it did this within seven months of launching. By comparison, the iPhone 11 series that launched last year took two months longer to reach this point. This is also two months earlier than apple’s previous volume super-cycle with the iPhone 6 which powered a sales volume super-cycle around 4G transition in 2014 and 2015.
The 100 million sales figure means that the iPhone 12 series is the first volume super-cycle for six generations of the device. Apple also announced sales figures for its most recent iPads, which are able to get an additional boost from increased demand in China and India.
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Apple’s iPad unit share climbed to 31% this year as it sold 21 million units globally so far, according to data compiled by Bloomberg Intelligence analysts on March 20th. That compares with a 27% market share last year at this time before a 15% decline over the next five months and an eventual rebound in 2019 when they recovered back up to 29%. This was largely driven by growth in emerging markets like India, where more than half of all tablets are sold.
Why is iPhone 12 so popular?
The iPhone 12 series has some of the latest features, such as Face ID and a liquid retina display. A new smart connector design makes it easier to use your phone in a car or with an accessory like Apple Watch Nike+. It also comes with dual SIM slots for people who travel often. These are just a few examples of how this device is shaping up to be one of the best ever made by apple!
The iPhone 12 series also appears to have been less affected in terms of sales by the global health crisis than the iPhone 11 series. In addition, a large proportion of smartphone users who hesitated to purchase new devices during last year’s international health crisis upgraded to an iPhone 12 once it became available.
In 2021, Apple’s revenue is projected to be $258.76 billion USD with a net income of $50.53 billion USD and earnings per share at $14.05 (all figures in US Dollars). The company’s value will grow by about 20% from its 2020 valuation ($227 billion) for an expected worth of around $290 billion – the highest since 2015.Source: Forbes