Apple iPhone X Becomes World's Best-Selling Smartphone in Q1 2018

05 May, 2018, 10:31 | Author: Misty Newman
  • Apple iPhone X Becomes World's Best-Selling Smartphone in Q1 2018

Global smartphone shipments hit 345 million units in the first quarter of 2018, a year-over-year decline of 2.4 percent.

If you're regularly running out of charge on your iPhone X, then chances are you're getting used to the need to constantly power it back up.

One customer said that Apple reportedly quoted 10 times the amount of the battery fix as the iPhone had a faulty microphone that needed to be fixed first. While the iPhone numbers represent slight growth for Apple, they don't match the performance some analysts and investors expected when the iPhone X launched previous year.

Now, Strategy Analytics confirms that iPhone X was the best-selling smartphone model in the first quarter of 2018.

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. The company is expanding these offerings with original videos and a news subscription service.

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Assuming Apple earmarks most of its cash for shareholders, Daryanani expects the company to reduce the number of outstanding shares by 31 percent, or roughly 1.6 billion shares, during the next five years. Also, insider Luca Maestri sold 39,122 shares of the company's stock in a transaction that occurred on Friday, April 13th. In addition, users can surprise and the unusual shape of the charger. The middle tier for iCloud storage costs $2.99 (roughly Rs. 200) a month. The Company posted quarterly revenue of $61.1 billion, an increase of 16 percent from the year-ago quarter.

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide.

This report certainly refutes numerous claims which dubbed the iPhone X a failure and a disappointment. But an internal memo distributed to service providers, obtained by MacRumors, confirms the company is at least aware of it. Deutsche Bank lifted their price target on shares of Apple to $165.00 and gave the company a hold rating in a report on Wednesday.

Cook hinted at additional sources of growth in terms of both geographical areas and product categories. Xiaomi is selling "a huge volume of smartphones" through online channels with retail partners such as Flipkart (in India) and JD (in China).

There was also quite a bit of speculation that, given the difficulties in the Chinese smartphone market lately, with slowing sales and increased competition, the iPhone X might be in for a rocky ride.

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