Apple posted all time high global sales of 78.29 million units last quarter ,higher than analyst estimates in the results released yesterday .During October-December 2016, the iPhone maker also clocked an “all-time record revenue” from India, Apple CEO Tim Cook told analysts during a post-earnings call on Jan. 31. As per counterpoint research note iPhone achieved a landmark, crossing 2.5 Million units in a calendar year, with a 1/3 of its total shipment coming alone from the record fourth quarter driven by seasonality and the launch of iPhone 7. Apple had emerged as an unlikely beneficiary of the note ban as many consumers looking to do away with their stash reportedly bought expensive iPhones. In the three days following demonetisation, around 100,000 iPhones were sold in India, which is about three-fourth of the average monthly sales of the device in the country, The Economic Times reported.I doubt that Apple will get the same helping hand again
Apple gets a helping hand from demonetisation
