When it comes to apple sales, the store has more customers than the company
Apple is on track to sell 1.2 billion iPhones worldwide by the end of this year, a figure that is likely to rise as sales in Asia expand.
Analysts at Jefferies said Apple’s sales in China, the world’s second-biggest market, are set to hit 1.8 billion by the middle of next year.
That’s higher than the 1.5 billion expected by analysts at the end-March sales forecast from analysts at Barclays.
Analytics firm IDC estimates that Apple will sell 1,823.3 million iPhones worldwide in 2019.
That would be more than three times its current total of 1,024.4 million, according to analysts at Jeffery.
Apple’s market share in China will be significantly greater than the U.S. with around 70% of its sales coming from China.
Apple’s sales will be boosted by a surge in Chinese mobile phone sales, which have more than doubled over the past two years.
The Chinese smartphone market will account for over half of Apple’s total sales in 2019, according the research firm.
Apple said last month that its China sales would be the biggest in its history, and that it would be “shocked” if sales fell in the coming months.
Apple also announced last week that it had bought the rights to create a new streaming service in the United States and will begin rolling out the service to a small number of customers this week.
Apple was last in the news for its plans to buy Beats Electronics.
The electronics giant is currently the only company in the world to own Beats Electronics, a music streaming service.