1:28 pm January 24, 2012, by Christopher Seward
Apple, which launched its iPhone 4S just in time for Christmas, sold 37 million iPhones in the last three months of 2011, possibly catapulting the company to becoming the largest maker of smartphones and overtaking Samsung Electronics, according to an Associated Press report.
The number of iPhones sold in the company’s fiscal first quarter was double what Apple sold during the same holiday period in 2010, the company said. It also shipped 15.4 million iPads.
Apple’s earnings results far exceeded what Wall Street analysts expected, with a profit of $13.06 billion, or $13.87 per share, up 118 percent. Revenue was up 73 percent to $46.33 billion. They were the first quarterly results without co-founder Steve Jobs, who died last year.
Apple is also benefiting from a defection of some of its competitors’ customers.
In a study released by Consumer Intelligence Research Partners and reported by CNET, a third of iPhone 4S buyers said they previously had Android, BlackBerry or Palm devices.
Half of the 36 percent of iPhone converts said they left the BlackBerry behind, 39 percent put the Android down and 10 percent the Palm.
Even those surveyed who had iPhones remain loyal to the brand: 43 percent upgraded from an older model, and 42 percent of all iPhone users broke an existing contract to upgrade, CIRP found.
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