Apple has shipped almost 50 million iPhone X units across the globe since its commercial launch in November 2017.
Strategy Analytics estimates that the iPhone X captured 5% of the market worldwide in the quarter ended in March, with total units from its launch to the end of the period reaching an approximate 50 million units.
Apple announced its quarterly earnings this week and contrary to analyst predictions, its most-expensive iPhone X came out to be its best-selling smartphone in the first quarter of 2018. The phone is powered by the A11 Bionic chip, which is also on the iPhone 8 series.
A lot of uncertainty regarding weak iPhone X demand centered on suppliers such as TSMC and AMS. Finally, Delphi Private Advisors LLC grew its position in Apple by 8,292.9% during the 4th quarter. 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. While Apple shipped 12.5 and 8.3 million units of iPhone 8 and iPhone 8 Plus since their launch past year, its previous-generation iPhone 7 shipped a decent 5.6 million units.
The iPhone X shipments in Q1 2018 comprises nearly 5 percent of the total smartphone shipments in this quarter. Next, when reports of sales expectations not being met began to emerge, many - especially YouTube personalities - framed the iPhone X as a disaster of epic proportions for Apple.
"Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter", said Cook. The iPhone 8 and 8 Plus, which were believed to be unimpressive when compared to the iPhone X managed to be among the best selling smartphones of the quarter. First, he said, the iPhone X had been the best-selling iPhone every single week of Q1. The S9 Plus offers an attractive package for Android enthusiasts with a bezel-less design, curved display and a rich portfolio of apps. Here in Q1 2018, no one smartphone has that great a command over the market.
The phone managed to beat analysts' fears regarding its market performance due to its high price. It also reduces the number of shares trading, which increases earnings per share - a key yardstick for measuring a company's value. Those were the iPhone 7 and the iPhone 7 Plus, and the latter of these racked up 17.4-million units shipped.