Apple records huge Q3 revenue with the sale of the iPhone X

August 27, 2018
80 Views

Apple has recorded a sale of 41.3 million iPhones in its fiscal third quarter, and the larger part of the number goes to the iPhone X. The figures will surely interest Apple as they performed better than last year which as 41.03 million iPhones in the same quarter.

Apple records huge Q3 revenue with the sale iPhone X as key

Apple CEO Tim Cook in a press release attributing the results to strong iPhones, services, and wearables sales said,

“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth, We are very excited about the products and services in our pipeline,”

READ MORE: Google adds ‘propose a new time’ feature in Calendar

READ MORE  How To Stop Receiving Unwanted Messages From GLO, MTN, AIRTEL, ETISALAT And Others

Speaking on these numbers, chief investment officer of Apple investor Merlin Asset Management Michael Obuchowski said,

“This was the most exciting quarter from Apple in quite some time, The success of Apple’s transition from a device to services company was undeniable.”

Tim Cook while addressing analysts spoke about iPhone sales and the AirPods, he added that this kind to huge revenue earning is the “seventh consecutive quarter of accelerating growth, our fourth consecutive quarter of double-digit growth and our strongest rate of growth in the past 11 quarters.”

READ MORE  Alibaba Co-founder, Jack Ma will step down next year

The iPhone X added more features to the iPhone with new Face ID technology and removed the home button to expand the touchscreen. Since its release back in Nov 3, the iPhone X became Apple’s best-selling device and also the most expensive, selling for $999.

Apple’s iPhone average selling price in the third quarter jumped to $724 from $606 a year ago. In the second quarter, the ASP was $728. In addition, for the fourth quarter, Apple projected revenue of $60 billion to $62 billion, above the $59.6 billion expected by analysts.

READ MORE  Infinix Note 5 X604 stock is now available for download

Source

You may be interested

ITEL MOBILE REWARDS STUDENTS WITH HALF A MILLION IN THE #IGOTTHEMOVES DANCE COMPETITION
Itel
139 views
Itel
139 views

ITEL MOBILE REWARDS STUDENTS WITH HALF A MILLION IN THE #IGOTTHEMOVES DANCE COMPETITION

Olufemi Ajayi - November 13, 2018

Lagos, 9th November 2018 –  Reiterating its commitment to empowering Nigerian youths to showcase their talents through various levels of…

Infinix Mobile Unveils Hot 6X with 6.2-inch Notched Display and 4000mAh Battery
Infinix Mobile
281 views
Infinix Mobile
281 views

Infinix Mobile Unveils Hot 6X with 6.2-inch Notched Display and 4000mAh Battery

Olufemi Ajayi - October 29, 2018

Infinix Mobile Unveils Hot 6X with 6.2-inch Notched Display and 4000mAh Battery Infinix Mobile has today launched another variant of…

Itel S33 Full Specification And Price In Nigeria
Itel Mobile
250 views
Itel Mobile
250 views

Itel S33 Full Specification And Price In Nigeria

Olufemi Ajayi - October 29, 2018

After so much anticipation, Itel Mobile has finally launched the 7th edition of its selfie-focused smartphone known as Itel S33.…