Apple sells 74.5 million iPhones in fiscal Q1, tops high-end estimates; shares soar after hours

Apple sells 74.5 million iPhones in fiscal Q1, tops high-end estimates; shares soar after hours:

Apple has just reported its fiscal Q1 earnings and topped all estimates by selling 74.5 million iPhones in the quarter. That even topped the 73 million estimated by KSI Securities Ming-Chi Kuo just a few days ago. Last year's quarter saw Apple sell 51 million units. Apple increased the size of the iPhone screen from the 4-inches on the Apple iPhone 5s and Apple iPhone 5c to 4.7-inches on the Apple iPhone 6 and 5.5-inches on the Apple iPhone 6 Plus phablet. That enabled the company to challenge large-screened Android models that were being bought by many consumers.



Apple says that it sold ...