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Apple Sold 34,000 iPhones an Hour Every Day

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The smartphones, tablet market has shifted, the analyst predict major markets have reached tablet saturation and claim Western European tablet shipments are slowing down.

Apple and Samsung make up more than half of 2014 tablet shipments. The smartphones, tablet market has shifted, the analyst predict major markets have reached tablet saturation and claim Western European tablet shipments will be slowing down during the year.

Apple and Samsung make "more than half" of tablet shipments. Apple sold 34,000 iPhones an hour every day of the quarter. “This volume is hard to comprehend,” says CEO Tim Cook.

With a record 74.4m iPhones were sold in the three months as sales of its two newest models soared during the Christmas holidays and in China.

The record $74.6bn in revenues for the all-important Q4 (Apple's fiscal Q1) was well ahead of the $67.5bn expected by analysts and Apple ends the quarter with $178bn in cash. Revenues total $74.6 billion. The iPhone 6 and 6Plus was key for these, with smartphone sales making up 69% of sales for the quarter.

“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” CEO Tim Cook says. “Our revenue grew 30% over last year, and the execution by our teams to achieve these results was simply phenomenal.”