Apple Sold 34,000 iPhones Per Hour, 24 Hours a Day, Every Day of Quarter

By Kamal Nayan - 27 Jan '15 23:46PM

Apple set records in the last three months of 2014 as it posted profit of $18 billion and revenue of $74.6 billion. It sold mind-boggling 74.5 million iPhones as well. With this, the company has shipped total 1 billion iOS devices.

"Interest in Apple products is at an all-time high," Apple CEO Tim Cook said in the conference call with analysts after the company released its quarterly financial results. "Demand for iPhone has been staggering... On average, we sold over 34,000 iPhones every hour, 24 hours a day, every day of the quarter."

"We had the highest number of customers new to iPhone last quarter than in any prior launch," Cook added.

The recorded growth is Apple's most robust since the fiscal second quarter of 2012, according to Bloomberg. Even with Apple producing more than $182 billion in annual revenue and at a market capitalization of more than $635 billion, it still has the ability to expand faster than other technology companies, many of which have seen their growth rates decline to the low single digits, Bloomberg added.

Apple shares increased 6.7 percent in extended trading after closing at $109.13 in New York.

Cook also said the Apple Watch will start shipping for customers in April and will start from $349.

"The creativity and software innovation going on around Apple Watch is incredibly exciting and we can't wait for our customers to experience them when Apple Watch becomes available," Cook said.