Apple sold 45.5 million iPhones during its fiscal 2016 fourth quarter that ended Sept. 24. That’s a bit better than the consensus of 44 million. The smartphone sales were down 13% from the prior-year period, but up 17% from the previous quarter.
Apple CEO Tim Cook says that demand for the iPhone 7 and, especially, the iPhone 7 Plus continues to outstrip supply, but “we’re working to get devices into customers hands as quickly as possible.” Apple’s smartphone was up in sales in 33 countries and boasts an average selling price of $619. Cook says there were more Android to iPhone switchers in the fourth quarter than ever before though he gave no stats regarding this. Things also look good on the upgrade front.
“Carriers that had an upgrade plan say that demand is robust,” says Cook.
Chief Financial Officer Luca Maestri adds that Canada, Latin America, Europe, Middle East, South Asia show strong iPhone sales. China sales are down, but preliminary reaction to the iPhone 7 and iPhone 7 Plus offers “reassurance for the holiday quarter,” says Cook.