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Barclays is out with a research note on Thursday indicating Apple’s most profitable business is nowhere close to slowing down. Analyst Ben Reitzes, citing supply chain sources, says the Cupertino-based company is on pace to sell 54 million units in the March quarter, a year-over-year increase of 24 percent.

Usually the March quarter isn’t as stellar for smartphone sales, given it’s coming right off the Christmas quarter. However, the iPhone 6 and iPhone 6 Plus could be pushing Android users and old iPhone users to grabbing the new smartphone.

According to a research note from Kantar on Wednesday, 13.9 percent of iOS customers in the US switched over from an Android device in January – up from 12.1% in the three-month ending in December.

Reitzes said the 54 million estimate he’s giving could even be on the low side. Given that Apple sold 74.5 million iPhones in the Christmas quarter, Apple would be moving 128.5 million iPhones in a half year span.

After the release of the iPhone 6s this fall, which is expected to have Force Touch technology and upgraded software, Reitzes says that Apple will ship 218 million iPhones in fiscal year 2015.

Source: AppleInsider