And the truth is that it does not surprise us, given that the new flagship of Apple has given much to talk about, without still getting to send the first units.
The iPhone X was believed to impact Apple's sales revenue owing to its sheer United States dollars 1,000 price tag. But that is not the only star performer in its arsenal.
According to official statistics, in the first four months of this year, Apple managed to sell around 345 million units of its smartphones worldwide. Apple did announce record profits for the quarter and Tim Cook claimed that the Apple iPhone was the best selling smartphone in many markets.
A leader in the first quarter of 2018 was the iPhone X. followed by Followed by iPhone 8 iPhone 8 Plus. The article suggests that Apple's production cut is the result of lukewarm sales, and that the company may focus on selling off an accumulated inventory of unsold iPhone X units. Samsung's Galaxy S9 phones too carry a bunch of advanced features which are giving tough competition to Apple's all innovative features.
The share repurchases in the March quarter drove Apple's cash net of debt down slightly to US$145 billion. Now New iPhone X SE leaks show that the phone will be same as iPhone X. Moreover, the phone is called SE2 and will have some functions similar to iPhone X.
Apple has been emphasising its contributions to the U.S. economy in recent months, outlining a US$30 billion U.S. spending plan and highlighting the tens of billions of dollars it spends each year with U.S. -based suppliers. And Xiaomi Redmi 5A was the surprise in this list, taking the 5th spot with 5.3 million units. "We expect the S9 Plus to become the best-selling Android smartphone globally in the second quarter of 2018".
The phone managed to beat analysts' fears regarding its market performance due to its high price.
But investors have been counting on Apple to give shareholders much of the money coming in from overseas, especially after the company said it meant to eventually have little or no excess cash, after accounting for outstanding debt.
The iPhone 7 is still quite popular with 5.6 million units shipped, and it is now in fourth place. He said India is an attractive new market for iPhones, similar to China several years ago.