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Apple Inc. Sold an Incredible 13 Million New iPhones Last Weekend

Well, would you look at that. It seems that check-in start-up Foursquare's number-crunching methodology ain't half bad. It sounded strange when, over the weekend, Foursquare put out an estimate predictingApple could sell over 13 million new iPhones based on local foot-traffic patterns; most of the time these calls come from Street analysts. In any event, selling 13 million new iPhones is precisely what Apple did.

That's a lot of iPhones

In typical fashion, Apple has announced its latest record for the iPhone launch weekend. The iPhone 6s and 6s Plus scored a 30% jump for launch weekend sales compared to 2014. This is how last weekend's sales compare with prior launch weekends.

Source: Apple.

Using last quarter's iPhone average selling price of $660, which has been fairly consistent after 2014's launch of the bigger models along with the new storage pricing structure, Apple likely had an $8.6 billion weekend.

Why 13 million is a little less impressive than you think

Not to undermine this accomplishment, but there is one huge difference between the 2014 launch and the 2015 launch that can't be ignored: China. China is an incredibly important market to Apple, but you already know that by now. Last year, China was not included in the first round of countries for the initial launch of the iPhone 6 and 6 Plus. Those models launched on Oct. 17 last year.

In fact, that difference in China availability is also why 2014's launch sales of 10 million showed relatively modest growth from 2013's launch sales of 9 million, since China was included in the first round of countries for the 2013 launch of the iPhone 5s and 5c. The growth of 3 million units from 2014 to 2015 is likely entirely attributable to China. For instance, the iPhone 5 launch in 2012 moved 2 million units, and that was beforeChina Mobile was an official iPhone carrier.

China's inclusion (or lack thereof) has a massive influence on the reported figures. A picture is worth a thousand words.

Source: Apple.

Again, none of this is to discount the obvious success of the iPhone 6s and 6s Plus. Rather, you have to acknowledge this context when comparing the year-over-year figures.

Flat is fine

There's another potentially important implication here though. If China accounted for 3 million units or more from the launch, which is very probable considering the early indications of preorder activity, then that implies that the launch posted relatively flat organic growth.

While investors generally have an insatiable appetite for growth, the reality is that eventually Apple's iPhone business will peak in terms of unit volumes. As Apple defies gravity each and every year, this becomes an inevitability . Investors have to make peace with this idea, because it will happen, but that's also completely fine . Considering the sheer scale and profitability of Apple's global iPhone business, maintaining it is an accomplishment in and of itself.

Besides, it's not as if Apple is expensively priced for growth anyway.

The next billion-dollar Apple secret

Apple forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering Apple's brand-new gadgets and the coming revolution in technology. And its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .

The article Apple Inc. Sold an Incredible 13 Million New iPhones Last Weekend originally appeared on Fool.com.

Evan Niu, CFA owns shares of Apple. The Motley Fool owns and recommends Apple. The Motley Fool recommends China Mobile. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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