AAPL sold 50 mil.+ iPhone 5's in Q1, on track for 47.5 mil. in Q2
Reuter's 65 million units ordered for Q2 is the heart of the matter. It means Apple had ordered at least 65 million for its all-important Q1 holiday quarter and, after selling 50 million+ iPhone 5's in Q1, Apple has 15 million left for Q2, for which Apple had originally ordered another 65 million. Now, Apple expects it'll need only half of those 65 million, or 32.5 million. When this 32.5 million is added to the 15 million they still have left over from Q1, Apple expects it'll need 47.5 million iPhone 5's for Q2--which is phenomenal for the post-holiday quarter.
Apple was only expected to have sold 45 - 48 million of ALL TYPES of IPHONES last quarter, Oct. - Dec. 2012. Which means they only did about 25 million IPHONE5 last quarter, as they were still selling the "4 and "4S phones. So if they will now do 32.5 million IPHONE5 phones in the normally slower Jan. - Mar. quarter, that's great actually.