The latest results from the UBS Evidence Lab iPhone Monitor shows consumer demand for the iPhone at 51.1 million units for the June quarter. The estimates were revealed in a research note issued to investors on Thursday.
UBS says that the main driver for these increased iPhone sales is Apple's success in China, a market where Apple has recently gained the first position in the smartphone manufacturer race by overcoming local manufacturer Xiaomi during the first quarter.
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To put the projections in perspective, in the same June quarter a year ago, Apple sold 35.2 million iPhones, a number that at the time was seen as something of a disappointment on Wall Street. That represented a 12.7 percent increase from the 31.2 million the company shipped in the June 2013 quarter.
Apple has only topped 50 million iPhone sales in a single quarter three times: First in the fall of 2013, again a year later, and then again in the following quarter which concluded in April.
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If Apple were to exceed 50 million iPhone sales in the current June quarter, it would keep alive a streak of three straight quarters with sales above that mark.