Home / Apple boosted by selling more expensive iPhones

Apple boosted by selling more expensive iPhones

Image copyright

Apple sold fewer iPhones than expected in its most recent quarter but their higher price tag helped the tech giant do better than analysts expected.

The firm said it sold 41.3 million iPhones in the three months to the end of June, up just 1% from last year.

But the average iPhone selling price hit $724, well above the expected $694.

The firm said its £999 iPhone X – launched last year – was its most popular iPhone model in the quarter and had driven the higher selling prices.

Strong revenue growth of 31% from Apple’s services business, which includes the App store and Apple Pay, also boosted its performance.

Overall the tech giant’s revenue jumped 17% year-on-year to $53.3bn (£40.6bn).

The firm reported profit of $11.5bn, up 32% compared to the same period in 2017.

Shares in the Californian tech giant jumped more than 2% in after hours trading in New York.

About admin

Check Also

Koreas tag-team for wrestling recognition

Image copyright AFP/Getty Image caption The sport dates back to the fourth century and has ...

Leave a Reply

Your email address will not be published. Required fields are marked *