--- description: Apple Inc sold more iPhones than Wall Street had expected in the latest quarter. title: Here's How Many iPhones Apple Just Sold image: https://static.time.com/v3/assets/bltea6093859af6183b/blta6ca7fc96b05e2c3/6988a8150b72e3860e6eb2c9/gettyimages-606021900.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [Earnings](/tag/earnings/) ## Earnings Update your preferences in [Account Settings](/account/preferences/) Close # Apple Sold More iPhones Than Expected This Quarter by [Reuters / Anya George Tharakan](/author/reuters/) ## Reuters / Anya George Tharakan Update your preferences in [Account Settings](/account/preferences/) Close Oct 25, 2016 8:42 PM CUT  A visitor tries out an Apple iPhone 7 on the first day of sales of the new phone at the Berlin Apple store on September 16, 2016 in Berlin, Germany. A visitor tries out an Apple iPhone 7 on the first day of sales of the new phone at the Berlin Apple store on September 16, 2016 in Berlin, Germany.Sean Gallup-Getty Images by [Reuters / Anya George Tharakan](/author/reuters/) ## Reuters / Anya George Tharakan Update your preferences in [Account Settings](/account/preferences/) Close Oct 25, 2016 8:42 PM CUT Oct 25 (Reuters) – Apple Inc sold more iPhones than Wall Street had expected in the latest quarter, and the company forecast higher-than-expected revenue for the critical holiday-shopping season. The world’s most valuable publicly traded company said on Tuesday it sold 45.51 million iPhones in the three months ended Sept. 24, beating the average analysts’ estimate of 44.8 million, according to research firm FactSet StreetAccount. However, it was the third quarter in a row of falling iPhone sales. Apple sold 48.05 million smartphones in the year-earlier period. Apple forecast revenue of between $76 billion and $78 billion for the current quarter. Analysts, on average, had expected $75.08 billion, according to Thomson Reuters I/B/E/S. Revenue in the latest quarter fell 9 percent to $46.85 billion, the third straight decline. That meant annual revenue fell for the first time since 2001, highlighting the slowdown in the smartphone market as well as intensifying competition, particularly from Chinese rivals. Analysts had expected revenue of $46.94 billion in the quarter, according to Thomson Reuters I/B/E/S. (Reporting by Anya George Tharakan in Bengaluru; Editing by Ted Kerr) ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4545349/iphone-apple-earnings-q4-2016/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4545349/iphone-apple-earnings-q4-2016/"},"headline":"Apple Sold More iPhones Than Expected This Quarter","datePublished":"2016-10-25T20:42:22.000Z","dateModified":"2026-04-13T08:50:39.448Z","description":"It was more than expected","url":"https://time.com/4545349/iphone-apple-earnings-q4-2016/","keywords":["Earnings","Tech","Apple"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blta6ca7fc96b05e2c3/6988a8150b72e3860e6eb2c9/gettyimages-606021900.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Reuters / Anya George Tharakan"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blta6ca7fc96b05e2c3/6988a8150b72e3860e6eb2c9/gettyimages-606021900.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Apple Fans Await iPhone 7","caption":"Apple Fans Await iPhone 7","creditText":"Sean Gallup-Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/earnings/","name":"Earnings"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4545349/iphone-apple-earnings-q4-2016/","name":"Apple Sold More iPhones Than Expected This Quarter"}}]}] ```