Analysts Estimate Record October for Apple

After examining its Taiwanese suppliers, an analyst has come to the conclusion that Apple had one of its best months on record in October. This record-breaking performance comes as a result of higher-than-expected sales of the iPad Air, iPhone 5S and new Mac computers.

Despite having a hard time with its landmark iPhone 5C, there was more demand for Apple's high-end iPhone 5S than most analysts had expected. In one of its newer markets, China, Apple is also becoming more prevalent and its share of the smartphone market has increased significantly as a result of the iPhone 5S.

A Record-Breaking Month

With the holiday shopping season rolling in, Apple's performance for October may be a good sign for the rest of 2013. Sales of the iPhone 5S and iPad Air have already been strong but analysts expect the iPad Mini with retina display -- which should come out by the end of November -- to provide another boost in Apple's sales for the quarter.

"We estimate sales in October rose by approximately 11 percent month-over-month and well above the October average of flat month-over-month performance over the past eight years," Cantor Fitzgerald analyst Brian White said Wednesday. "As such, we believe this October will prove to be the strongest in the history of our Apple Barometer."

As Android becomes more prevalent in both the smartphone and tablet markets, it is surprising that Apple has been able to accomplish sales numbers of this magnitude. Since the first fiscal quarter of 2014 is frequently Apple's best time for sales, the company may end up with consecutive record breaking months.

October is usually one of the quietest times for the tech industry as a whole, so with $7.5 billion in profit coming in for the month, Apple surely had more impressive sales than its closest competitors.

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