But what Apple's last two quarters prove is that some of the received wisdom of the "S" curve may be wrong. The market wasn't the U.S. The market was the world. And a big part of that world is China, where the iPhone is made.
While Android sales have been topping out, Apple has been racing through China's mass market, multiplying sales in "greater China" -- China, Taiwan and Hong Kong -- fivefold. A total of 35.1 million iPhones were sold in the last three months, allowing the company to blow the doors off Street estimates for the second quarter running.
While carriers delivered fewer iPhones to customers in the first quarter of 2012 than the previous quarter total shipments rose dramatically.
Now that the news is out, analysts are jumping back on the "S" curve, insisting that Apple can't keep this going. They see Android and (now) Windows Phones inevitably eating into Apple's share, thanks to value pricing.They may be disappointed again. Because when you're talking about something in your hand, that connects you to the world, the real market opportunity is bigger than anyone imagined. The global "S" curve is bigger than we think, and that may prove true for other products beyond the iPhone.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV