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Apple iPhone sales experience a rare drop (CNET News)

2018-02-01
Apple sold a lot of iPhones over the holiday season but it wasn't quite as many as the year before the company just reported its quarterly earnings in a call with investors and analysts now Apple sold 70 7.3 million phones in this quarter which ended in December but last year during the same period the company sold 78 million phones it's a small drop and the company noted that this quarter only countered 13 weeks rather than the 14 weeks from the year before but the drop is still significant as this quarter was the first time we've seen the base price of the iPhone hit $1000 and although many people expected that tend to be hard to get due to limited supply it was actually pretty easy after the first few weeks this quarter includes the first three months of iPhone 8 and 8 plus sales and the first two months of iPhone 10 sales now bear in mind Apple doesn't break out sales numbers for individual models but CEO Tim Cook said that the iPhone 10 was the top selling model every week since it launched also revealed in the earnings reports net income rose to 20 billion dollars and revenue rose to 88 billion dollars so this slight drop in iPhone sales didn't seem to affect the bottom line at all all this comes hot on the heels a report saying that Apple cut production on the iPhone 10 in the first quarter of 2018 in half and in late 2017 Apple admitted slowing down older iPhones with a software update because of battery concerns it then offered a battery replacement program for older iPhones at $29 during the call Cook addressed investors and analysts and said quote we did not consider in any way shape or form what it would do to upgrade rates we did it because we thought it was the right thing to do for our customers get a closer look at all the details from the earnings call in our article on scenic and I'd love to know what you think about these sales numbers find me on Twitter at Lexus Avedis or down in the comments
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