Partly. Apple reports sales that it can track, and not inventory in the channel as many others do. Sales at Apple stores or Apple's online store are actual sales. Shipments to reseller stores are, I believe, counted as sales. Shipments to distributors (Ingram, etc) are NOT sales. So I think that iPhones on a boat or in a warehouse are not yet "sold". The ones, say, at your local Verizon store are "sold".
4/23/14 at 3:24pm