The firm attributed strength of Apple's priciest iPhone model to date to "a blend of good design, sophisticated camera, extensive apps and widespread retail presence for the device". Samsung's Galaxy S9 phones too carry a bunch of advanced features which are giving tough competition to Apple's all innovative features. The previous-generation iPhone 7 shipped a respectable 5.6 million units for fourth place.
Maestri told Reuters that clearing channel inventory of 1.8 million iPhones - majority iPhone X and iPhone 8 models - accounted for some of the difference.Profits were US$2.73 per share versus expectations of US$2.68 per share and up from US$2.10 a year ago. The iPhone 7 also shipped 5.6 million units.
Apple has shipped nearly 50 million iPhone X units worldwide since commercial launch in November 2017.
Analysts had feared the high price was muting demand for the iPhone X, but Apple Chief Executive Tim Cook said it was the most popular iPhone model every week in the March quarter. This year the scuttlebutt from industry sources was that the iPhone X was a flop, and that Apple's status in the Chinese phone market was shaky. In today's reported market numbers, we see iPhone X as the clear leader in smartphone sales - by a significant margin. Crossvault Capital Management LLC lifted its stake in Apple by 0.5% in the third quarter.
Contrary to analyst predictions, Apple's big bet on its iPhone X smartphone has paid off.
Amazon makes bid to spoil Walmart-Flipkart deal
As per both reports , Google's parent Alphabet too will be participating in the deal and will pump in around $3 billion. On Wednesday, Amazon sought a 60 percent stake in Flipkart , which might have challenged Walmart's plan.
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 huge popularity of the iPhone and other products.
Apple has been at a challenging crossroads this year with sales of its flagship iPhone X disappointing many observers. In all, Apple captured over 12% of the market with its four most popular phones last quarter, which is an impressive achievement. The company also increased its quarterly dividend 16 per cent, compared with a 10.5 per cent increase a year ago.
In defence of Android, our arguably best smartphone, the Samsung Galaxy S9 only started selling towards the end of the quarter in question and thus shipping over 5.3 million units is a promise of better days to come.
It is a mind-boggling statistic that the top five best selling smartphones were from the same company, Apple. 33,941,527 shares of the company traded hands, compared to its average volume of 36,724,469.
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