Analysts believe strong sale numbers and the upcoming Chinese New Year may grant Apple another huge quarter of sales

A new report from DigiTimes suggests shipments of Apple’s iPhone could top the 50 million mark next month, which would be a major feat outside the holiday shopping season. Reaching that 50 million mark within a three-month period would indicate an increase of 14.4% from the 43.7 million iPhones shipped during last year’s March quarter.

Apple Inc. To Ship Over 50M iPhones In March Quarter

The second quarter of the fiscal year runs to the end of March. It will represent the second full quarter of sales for the iPhone 6 and iPhone 6 Plus. The recent demand for the new iPhones is bolstered by sales from China. Overall sales of the new iPhone are expected to receive a boost during the Chinese New Year when people exchange gifts. Given Apple’s strong influence on the luxury market, it’s highly likely that Apple will have a huge quarter.

Major growth for Apple in China

Supply chain sources working with Apple claim sales in the Asia-Pacific region will continue to rise, thus increasing the company’s overall bottom line. The supply chain predictions are right in line with predictions from Wall Street. In fact, Piper Jaffray analyst Gene Munster believes the company will sell 51 million iPhone units in the current quarter. His predictions are typically not far off. Apple has surpassed the 50 million sales mark before.

Apple exceeded sales mark the last two holiday quarters

In 2014, Apple sold an impressive 74.5 million units, and in 2013, it sold 51 million smartphones. Just last week, the tech giant disclosed that it had shipped its one billionth device the previous quarter. Apple remains a strong leader in the mobile phone industry even with competition from Android-based brands like Samsung and HTC. Apple’s foray into China has also proven that the company is a formidable force and, with its high number of sales, Apple’s dominance in the market will grow to greater heights.

Apple’s chief executive officer, Tim Cook, told investors the momentum of sales will continue.