In line with Wedbush analyst Daniel Ives, Apple offered greater than 40 million iPhone 13 models through the vacation season, setting a brand new document for the corporate. The sale quantity is exceptional contemplating the continued world chip scarcity and demand for Apple merchandise outstripping their provide.

In a notice to traders, the analyst remarks that demand for the iPhone 13 remained robust going into 2022, opposite to reviews final yr that instructed demand was slowing forward of the vacation season. In the course of the December quarter, supply instances for the iPhone 13 fashions started to enhance as provide chain points ironed themselves out.

“Primarily based on our provide chain checks over the previous few weeks, we imagine demand is outstripping provide for Apple by roughly 12 million models within the December quarter which now will add to the tailwinds for Cupertino within the March and June quarters as the availability chain points ease in 1H22.”

Ives notes that China has performed a big function in strengthening Apple’s gross sales over the past 12 months. The corporate’s market share within the nation additionally elevated, due to the “multi-year supercycle” brought on by the iPhone 12 and iPhone 13.

In line with the analyst, the rising hype for Apple’s mixed-reality headset anticipated someday this summer time will even assist drive iPhone gross sales. He added that round 230 million of the 975 million iPhone customers worldwide haven’t upgraded within the final 3.5 years.

The notice mentions that Apple’s providers enterprise alone is now price round $1.5 trillion, making it a “linchpin” to Apple’s climbing valuation. The corporate’s providers embody Apple Music, iCloud, Apple TV+, and Apple Health+.

In abstract, Ives says that regardless of the chip scarcity and provide crunch, Apple’s shortages have been a “transitory challenge” and “nothing greater than a velocity bump” en-route to changing into the world’s first firm with a $3 trillion market cap in 2022. Touching that milestone can be one other “watershed second for Apple,” he mentioned.

[Via MacRumors]