), Verizon (NYSE:
) and AT&T (NYSE:
) have sold a combined total of 17 million iPhones during the
fourth quarter, besting their Q4 2011 sales by more than three
million units. Sprint has set a new record for the company by
activating approximately 2.2 million iPhones in the fourth
quarter. Nearly 40 percent of them were sold to new customers,
indicating that the carrier is still heavily encroaching on
AT&T and Verizon's territory. Sprint's sales accounted for
more than half of the four million 4G LTE smartphones that the
During each of the previous three quarters, Sprint sold
1.5 million iPhones
-- 40 percent of them went to new customers. In total, the iPhone
helped Sprint acquire more than 2.6 million new customers in
AT&T sold a record
8.6 million iPhones
during the fourth quarter. Only 16 percent of them were for new
Meanwhile, Verizon sold
6.2 million iPhones
but did not provide any details about its customer base.
All told, domestic iPhone sales reached 17 million just from
the three largest carriers. These sales do not include the
smaller carriers, such as Cricket Wireless (NASDAQ:
) and Virgin Mobile USA, nor do they include iPhones that were
purchased without a contract. Thus, the final domestic numbers
could be several hundred thousand units higher than the 17
million figure achieved from Sprint, Verizon and AT&T.
) global iPhone sales reached
47.8 million units
during the fourth quarter. Based on that figure, it appears that
the company sold roughly 30 million iPhones outside of the United
This is critical for a number of reasons. First, it is
concrete proof that Apple is not kidding when it says the global
market is more important than U.S. sales. While the company wants
to serve domestic consumers, it needs to satisfy the global
market in order to keep growing.
Apple's shares have risen nearly four percent over the last
five days, ending a month-long streak that sent shares plummeting
more than 10 percent. The company has lost nearly 25 percent of
its value over the last six months as investors question the
sales potential of future iPhone and iPad iterations.
On Thursday morning, Greenlight Capital's David Einhorn
announced that his fund now holds
more shares of Apple than ever before
. He urged Apple shareholders to oppose a management proposal
that would prevent the firm from issuing preferred stock. He also
said that he believes Apple still has the potential to grow to
$1,000 per share
to Einhorn's comments by saying it would "thoroughly evaluate
Greenlight Capital's current proposal to issue some form of
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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