Apple’s total number of global iPhone users continues to grow, and could eventually reach 1 billion simultaneously activated devices within the next couple of years, according to a new analyst report.
There are now more than 700 million iPhones currently in use worldwide, according to an estimate from BMO Capital Markets analyst Tim Long. He believes the nearly three-quarters of a billion iPhones currently in use includes more than 200 million second-hand iPhones that consumers bought used.
“We estimate total iPhone installed base hit 715 million, including 228 million of second-hand devices, in December 2016, with year-on-year growth of 20%,” Long wrote in a research note to investors on Sunday.
“We model year-end installed base to grow 13% in [calendar year] 2017 and 9% in [calendar year] 2018. We estimate, by the end of 2018, there will be 300 million second-hand iPhones in use.” BMO Capital Markets analyst Tim Long said
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