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Apple iPhone sales touch 35.5 mn in last quarter: rpt

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Sharath Kumar
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Apple likely sold around 35.5 million iPhones last quarter, according to Piper Jaffay analyst Gene Munster.

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In an investors note out Thursday, the analyst cited the 4 million iPhones activated by Verizon last quarter, which represent a 56 percent share of the carrier's smartphone sales and are inline with Munster's expectations.

Though that number is down from the December quarter's 63 percent, Munster believes such a decline is expected since the holiday quarter was the first full quarter of iPhone 5 sales, a period when the phone's share of the market is typically at its strongest.

Verizon's iPhone share was also up compared with the 51 percent reported for 2012's March quarter.

"The Mar-13 Verizon results show stability in iPhone's franchise in the U.S. which is a positive, but we caution the international wild card," Munster said. "Separately, given we only have the Verizon numbers, it's difficult to predict total iPhones sold in the Mar-13 quarter. Overall, we are looking for 35.5 million vs. the Street at 37 million and remain comfortable with our estimate."

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