Apple Sells 74.5 million iPhones in 3 Months

With today’s announced earnings, which included an increase in cash of $33.7 billion, the company could now afford to buy 480 of the S&P 500 companies. The company earned a net profit of $18 billion on revenue of about $74 billion in the holiday quarter.

The number of units of iPhones and iPads sold is truly astounding.  Approximately 100 million devices sold.  This will create a continued tsunami of inventory in the secondary market as these devices enter the secondary market in a year or two.

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