After a historic quarterly report, Apple CEO Cook told the Wall Street Journal that less than 15% of the iphone buyers were trying to upgrade the old iphone, and most of the buyers were coming from Android.
This is important for Apple because the new big-screen iphone attracts a large number of non-Apple users to the iphone. This is particularly true in China, where, according to research firm Canalys, Apple sold more in China than any other country in the last quarter. In the third quarter of last year, Apple was the sixth-largest smartphone maker, with a market share of only 9%. Now, Apple's market share in China is 17%, almost doubled.
Apple is the most valuable company in the world with a yearly income of 183 billion dollars. In the first quarter alone, Apple's revenue grew by 30%, and profits grew 38% to $1.8 billion trillion. This is the largest single quarterly profit created by a company in history. And it seems that Apple will continue to maintain this phenomenal growth rate.
"We are convinced it is running with a long leg," said Cook. "(Wing fly)