Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 01, 2018

iPhone Sales Miss Estimates, But Sell for Higher Price

iPhone Sales Miss Estimates, But Sell for Higher Price

(Bloomberg) -- Apple Inc. sold 41.3 million iPhones in its fiscal third quarter, just shy of analysts' estimates for 41.6 million. On a year-over-year basis, that represents unit growth of 0.7 percent. The average sales price for the devices came in at $724, beating expectations for $699 and indicating strong demand for higher-priced models like the iPhone X. The Cupertino, California-based company forecast fiscal fourth-quarter revenue of between $60 billion and $62 billion, exceeding estimates.

To contact the reporter on this story: Sophie Caronello in Washington at scaronello@bloomberg.net

To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Nancy Moran, Molly Schuetz

©2018 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source