Parks Associates Blog

Tuesday, October 21, 2008

Apple’s Surging iPhone Sales Good News for the Smartphone Industry

Apple released its quarterly earnings after the bell today. The most prominent data is the iPhone 3G sales: 6.9 million units. That’s more than the total unit sales of the first-generation iPhones over five quarters. The performance also dwarfs Research-in-Motion’s. In its quarter ended in August 30, the Blackberry maker reported unit sales of 6.1 million units. But forget about competition for a while, it is good news for the smartphone industry. The whole category is exploding, reflecting consumers’ strong appetite for converged, yet easy-to-use multi-use mobile phones.

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