Apple iPhone sales top Wall Street forecast

06 May, 2018, 00:05 | Author: Lucy Floyd
  • В комплекте с iPhone 2018 будет поставляться быстрая зарядка

According to research by Strategy Analysts, iPhone X is the world's bestselling smartphone in Q1 2018. Credit has to be given to the Samsung Galaxy S9 for coming in sixth on the list.

Apple shipped 5.6 million units of iPhone 7 for fourth place. The iPhone 8 Plus, launched along with the iPhone 8 and iPhone X was the third best selling smartphone with 8.3 million units sold.

"Apple has now shifted nearly 50 million iPhone X units worldwide since commercial launch in November 2017", Juha Winter, Senior Analyst at Strategy Analytics, said.

Contrary to the controversy surrounding the high price of Apple's iPhone X, it turns out it was the best-selling smartphone model of last quarter, worldwide, on a unit-sales basis.

Launched in September of 2017 for a whopping US$ 999 starting price, the Apple iPhone X had its fair share of doubters. The phone is powered by the A11 Bionic chip, which is also on the iPhone 8 series.

Samsung's Galaxy S9 phones are the most advanced smartphones and they are doing great in the global market.

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Apple is also spending heavily as its R&D costs rose in the quarter, and it is giving away huge amounts of money back to investors.

No company benefited more from that cut than Apple, which had accumulated more than $250 billion outside the USA during the past decade, thanks to the enormous popularity of the iPhone and other products.

Amid concerns of slow iPhone sales and lackluster demand for iPhone X, Apple has announced strong growth in revenue during the second quarter of 2018. "Combined together, Apple today accounts for four of the world's six most popular smartphone models", he said. During the same quarter past year, the firm earned $2.10 EPS. The new iPhone X is the first to feature a curved OLED display, biometric technology such as the Face ID and optically stabilized dual cameras. Xiaomi enjoys a big pie of the smartphone market share in India. Maxim Group lowered their target price on shares of Apple from $210.00 to $204.00 and set a "buy" rating for the company in a report on Wednesday. Those were the iPhone 7 and the iPhone 7 Plus, and the latter of these racked up 17.4-million units shipped.

Strategy Analytics, in its report, notes that Xiaomi is selling high volumes through online channels in key partnerships with e-commerce companies like JD and Flipkart.

Suppliers around the globe had warned of smartphone weakness, playing into fears that the company known for popularizing personal computers, tablets and smartphones had become too reliant on the iPhone.

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