Apple On Track to Sell 41.6 million iPhones Next Quarter

Jul. 27, 2018

That number would be slightly below but “essentially in-line” with Wall Street consensus of 42 million units, Gene Munster of venture capital firm Loup Ventures was quoted as saying. The iPhone is becoming a stable business, performing more like software than hardware, Munster suggested.

Specifically that refers to the notion the product will see slow but predictable growth over the next several years, thanks to an install base in the hundreds of millions, a consistent replacement cycle, and retention rates believed to be over 90 per cent, the report added.According to Munster, the Cupertino-based giant’s services revenue is expected to grow 19 per cent in the June quarter.