iPhone sales miss estimates, but sell for higher pricehttps://indianexpress.com/article/technology/tech-news-technology/iphone-sales-miss-estimates-but-sell-for-higher-price-5285597/

iPhone sales miss estimates, but sell for higher price

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.

iPhone sales miss estimates, but sell for higher price
(Image: Reuters)

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.

iPhone sales miss estimates, but sell for higher price

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.