X iPhone became the most selling smartphone of 2018

Apple Reports Second Quarter Results

Apple iPhone X was the best-selling smartphone globally in Q1, according to a report by Strategy Analytics.

Maestri told Reuters that clearing channel inventory of 1.8 million iPhones - a lot of them iPhone X and iPhone 8 models - accounted for some of the difference.Profits were US$2.73 per share versus expectations of US$2.68 per share and up from US$2.10 a year ago.

Topped the list of iPhone X, which was sold in the amount of 16 million units. In fact, it was the best-selling smartphone in the first quarter of 2018, according to an analytics firm.

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The race takes place on Saturday, 5 May at 11.50pm United Kingdom time (6.50pm in Louisville). Only two, Bodeimeister in 2012 and Air Forbes One in 1982, entered the gate as favorites.

The reason for this rumor seeming spurious is it would take rather a lot of changes for Apple to do this: if you want to fast charge your iPhone 8, 8 Plus or iPhone X you now need to buy a USB-C-to-Lightning cable, as well as a powerful power brick.

In addition to claiming the top spot, Apple took over second, third and fourth place too, shipping 12.5 million iPhone 8 units, 8.3 million iPhone 8 Plus units and 5.6 million iPhone 7 units. During the same quarter previous year, the firm earned $2.10 EPS. Cook is saying that the new tech Apple introduced with the iPhone X will start rolling down to lower-cost phones, and he figures that it will drive demand. The report does not give clues about how Apple will achieve it and taking into account that this area of the phone includes a speaker, the front camera, an infrared camera, microphone and several sensors, Apple undoubtedly has a great task in hand. One, it was the most radical iPhone yet, featuring a new "notch" design and an OLED display Apple had to order from Samsung.

The iPhone X shipments in Q1 2018 comprises nearly 5 percent of the total smartphone shipments in this quarter. Samsung's Galaxy S9 Plus comes in right behind it with 5.3 million shipments to round out the top six. Analysts predict the S9 will become the highest selling Android smartphone in Q2 2018.

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The Android smartphone market was diametrically different. The company dominates the budget smartphone market with a wide range of high-specced value-for-money phones under its Redmi-series.

Senior Analyst at Strategy Analytics mentioned the Apple flagship managed to grab 5% of the total market share worldwide which is an impressive feat considering the sheer number of options available in the market. Maxim Group lowered their target price on shares of Apple from $210.00 to $204.00 and set a "buy" rating for the company in a report on Wednesday.

"We estimate that Xiaomi Redmi 5A shipped 5.4 million units for fifth place and 2 percent marketshare worldwide in Q1-2018".

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