Apple sells 74 million iPhones, announces April launch for Apple Watch

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Apple has announced unprecedented sales for the iPhone in the last quarter, showing the complete dominance across the globe with the iPhone 6 and iPhone 6 Plus.

In the quarterly earnings report, Apple announced 74 million iPhone sales, 10 million more than most estimates. The surge in Chinese, European and South Korean sales is the main reason for the massive numbers—Apple sold more phones in China than the United States.

The iPhone sales come alongside strong quarters for the Mac, the only problematic platform was the iPad, which continues to decline in revenue as more people find comfort in older models.

Raw numbers include $74.6 billion (£49.10 billion) in revenue, along with a $18 billion (£11.85 billion) net profit. Apple’s iPhone business is larger (in terms of revenue) is larger than both Google and Microsoft combined.

After hour trading on the stock market shows Apple’s results have paid off, with a 6.26 percent increase to $115.40 (£76) in stock price. Analysts project stock will hit $150 (£98) by the end of the month, although conservatives estimates put the number at $130 (£85).

apple-watch

CEO Tim Cook also revealed the release date for the Apple Watch, which should come sometime in April, although the exact date is not confirmed.

Cook said “I’m using it every day and I love it and I can’t live without it.” Hopefully this enthusiasm from Cook translates into sales of the device—currently analysts are split on whether this will be a popular seller in 2015.

The Apple Watch does a lot of things differently to Android Wear. The crown is used for zoom, the new interface is built for small screen sizes and Apple is integrated new health features to sell the watches functionality.

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