Ever since Apple Inc (NASDAQ:AAPL) released its first iPhone, the company has been experiencing huge success, allowing it to become a major player in the mobile technology industry. Rising share prices and large increases in revenue are on thing, yet how many iPhones have actually been sold worldwide?
In the third quarter of fiscal 2014, which ended in June, Apple Inc (NASDAQ:AAPL) reported an iPhone sales volume of 35.2 million units, representing an increase of 3.96 million units compared with last year’s third quarter. This number seems astonishing, especially considering where the iPhone’s success story started. Back in 2007, when the former CEO, Steve Jobs, announced the launch of the original iPhone, a sales volume of 10 million units was set for 2008.
What now seems like a conservative estimate, was considered an overreach by several analysts six years ago. Today, with the successful introduction of the iPhone 5C and iPhone 5S into world markets, and the iPhone 6 on its way, few doubt the firm’s ability to drive sales volumes even higher. According to an analyst at Forbes iPhone sales could even breach the 20% growth mark in the December quarter, bringing total sales for said quarter to 60 million units.
Recent increases in sales are one thing, yet some might wonder how many iPhones have been sold by Apple Inc (NASDAQ:AAPL) worldwide since it entered the mobile technology market back in 2007. A quick glance at quarterly reports sheds light on this topic. In March 2014 Apple announced 472 million iPhones had been sold by the end of Q2, which means the company reached the 500 million unit mark this quarter.
As stated earlier, over 35 million units were sold in Q3, meaning at least 507 million iPhones have been sold worldwide, since Apple Inc (NASDAQ:AAPL) released the first model in 2007. With earnings rising at their highest level in almost two years, and sales outperforming estimates, Apple CEO Tim Cook have reason to be confident regarding future performance, especially in anticipation of the release of the iPhone 6.
Disclosure: Pablo Erbar holds no position in any stocks or funds mentioned.