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700 million iPhones sold, Apple Pay now used in 700K locations

700 million iphones sold

Computers

700 million iPhones sold, Apple Pay now used in 700K locations

At its Spring Forward event today, the company revealed some stats on its business health : Apple has sold 700 million iPhones, and its mobile payments service is now being at over 700,000 retail locations.

Last fall, Apple CEO Tim Cook uncharacteristically skipped his tradition of giving an “update” on the health of his company’s business through a variety of facts and statistics — but this time he’s back on his numbers game. Cook just announced that Apple has sold 700 million iPhones today, and this year’s iPhone 6 launch has played a big part. iPhones are currently selling over double the industry rate — Apple’s iPhone business has grown 49 percent year over year, while the rest of the industry has only grown 25 percent.

apple pay

In addition to iPhone sales figures, Apple announced progress for Apple Pay, its mobile payments solution. The option is now accepted in 700,000 retail locations, nearly triple the number available at launch, and Apple is working with 2,500 banks. Cook also mentioned one unique location that is growing fast. According to Cook, Apple Pay is currently accepted at 40,000 Coke vending machines, and the soda giant plans to grow that to 100,000 this year.

The announcement led to some jokes online. Steve Jobs famously recruited John Sculley from Pepsi by asking him, “Do you want to sell sugared water for the rest of your life? Or do you want to come with me and change the world?”

Cook also said that Apple has sold 25 million Apple TV units; he announced this stat as he cut the price of the device to $69. He called the device the “industry leader” in the streaming TV space, though many of Apple’s competitors haven’t really given solid data on sales of their own devices.

Once moving on to the Mac to introduce a wild new Macbook, Cook took some time to tout how healthy Apple’s Mac business is compared to the rest of the PC industry. Cook said that while the PC industry shrank 2 percent last year, Apple’s Mac business grew 21 percent. Indeed, Mac growth has outstripped the rest of the PC industry ever year for the last 10 years, so claims Cook.

Apple also gave a quick update on the company’s retail business, as usual. This time, China was a main point of focus, unsurprising given how important the country has been to Apple’s bottom line of late. The company plans to have 40 stores in China by the end of the year, up from the 21 it has right now. Overall, the company has 453 stores worldwide, and more than 120 million customers visited an Apple Store in the last quarter.

 

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