Analyst: Apple's iPhone 13 sold more than 40 million units during the holiday season

IT Home January 3 news, according to MacRumors reported, Wedbush analyst Daniel Ives said that despite the industry-wide chip shortage, Apple's iPhone 13 series models sold more than 40 million during the holiday season, setting a record for the company.

Last year, there were reports that demand for the iPhone 13 model was slowing before the holidays as delivery estimates for the iPhone 13 series began to improve. IT House learned that recently investment bank JPMorgan Chase said that the estimated delivery time of Apple's iPhone 13 series indicates that the product is increasingly reaching a balance between supply and demand.

However, in a new note seen for investors, Daniel Ives said that demand for the current iPhone cycle into 2022 remains strong, with demand exceeding supply in the December quarter reaching millions, which is a positive sign for Apple as supply chain issues begin to resolve in the first half of this year.

"Based on our inspections of the supply chain over the past few weeks, we believe that Apple's demand exceeded supply in the December quarter, with approximately 12 million units, and now with supply chain issues ease in the first half of 2022, this will increase homeopathic support for Cupertino in the March and June quarters."

According to Daniel Ives, China has been Apple's main source of power for the past 12 months and a key region for iPhone sales, especially in connection with the increase in market share brought about by the "multi-year super cycle" brought about by the iPhone 12 and iPhone 13.

According to Daniel Ives, about 230 million of the 975 million iPhone users worldwide have not upgraded in the past three and a half years, and the analyst believes that as the excitement about Apple's much-anticipated mixed reality MR headset increases, Apple's continued smartphone sales will provide a highly influential tailwind, which is expected to be unveiled this summer.

Daniel Ives said the "key" to Apple's revaluation remains its services businesses, including Apple Music, iCloud, Apple TV+ and Apple Fitness+, which Wedbush believes are now worth $1.5 trillion. On that basis, Wedbush predicts that despite reports of tight supply, Apple's chip shortage is a "transitional issue" that "is nothing more than a speed bump on Apple's way to becoming the first $3 trillion company by 2022."