article_snippet.sent: Despite the hype surrounding the new Apple Watch, the iPhone is still the engine behind Apple's phenomenal success, the iPhone latest figures have revealed.
article_snippet.sent: Sales of iPhones in China were also revealed to have outstripped those in the US.
article_snippet.sent: We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove We best March quarter results ever,' said Tim Cook, Apple's CEO.
article_snippet.sent: We're seeing a higher rate of people switching to iPhone than we've experienced in previous cycles, and We're off to an exciting start to the quarter with the launch of Apple Watch.'
article_snippet.sent: We're seeing great results all over the world,' Apple chief financial officer Luca Maestri told The Associated Press, adding that iPhone sales grew 72 percent in China, where Apple has big hopes for expansion.
article_snippet.sent: The iPhone is another story.
article_snippet.sent: Since The iPhone began offering models with bigger screens last fall, Apple has vied with South Korea's Samsung for the No. 1 position in the global smartphone market.
article_snippet.sent: By some estimates, Apple outsold Samsung in the quarter that ended in December, and analysts will be watching closely when Samsung reports Samsung latest results this week.
article_snippet.sent: Market researchers, however, expect growth in the world smartphone market will slow this year, particularly at the higher price range where Apple competes, as most consumers in developed countries have already bought one.
article_snippet.sent: That could make it difficult for Apple to maintain Apple recent pace. '
article_snippet.sent: At some point, the market dynamics change,' investment Colin Gillis at BGC Partners said, adding that 'the question is what could replace the iPhone' if sales begin to slow.
article_snippet.sent: Customers looking at Apple iPhones in an Apple store in Shanghai, China, on January 14, 2014.
article_snippet.sent: Apple CEO Tim Cook has said Apple CEO Tim Cook's optimistic about new markets such as China, where Apple has made a strong showing against Samsung and China's Xiaomi.
article_snippet.sent: Maestri also stressed the potential for new products like Apple Watch and Apple Pay, the company's mobile payment service.