Apple iPhone X Was World's Best-Selling Smartphone in Q1 2018 [Chart]

Apple iPhone 6s

Apple iPhone 6s Creative Commons

The doubts of analysts have been kept at bay, at least temporarily. This might be pretty surprising news if you recall all of the doom and gloom reports from the past few months claiming that sales were disappointing and production had been cut because the phone was far too expensive. Xiaomi enjoys a big pie of the smartphone market share in India.

"There's obviously huge opportunities there for us and we have extremely low share in that market overall and so we're putting a lot of energy there", Cook said on Tuesday's call with analysts. But the reaction was muted for most partners given the limited growth in iPhone sales. Apple already has been raising its dividend and spending on buybacks every year since 2012; it's not known how much of the new increase would have happened regardless of the tax break.

Strategy Analytics estimates that the iPhone X captured 5% of the market worldwide in the quarter ended in March, with total units from its launch to the end of the period reaching an approximate 50 million units. So, in terms of marketability iPhone X ahead of their "brothers" in the iPhone 7, iPhone 8 Plus, and iPhone 8.

Also interesting: iPhone ASP dropped from the holiday quarter.

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While Apple may discontinue the iPhone X soon, the smartphone's key features, including Face ID and Animoji, will nearly certainly trickle down to upcoming iterations of Apple's smartphone. New iPhone X SE Leaks suggest that that the phone will have no physical home button. Apple currently accounts for four of the six highest selling smartphones right now. The smartphone market contracted by 2 percent from the same period previous year. Apple's iPhone 8 and iPhone 8 Plus took the second and third spot, with 12.5 million and 8.3 million shipments respectively, and iPhone 7 took the fourth spot with 5.6 million shipments. Raising the dividend by 10 cents per share will cost Apple an additional $2 billion annually, based on its current outstanding stock. In addition, Apple's services and other products segments helped propel revenue higher. How can the iPhone continue to defy gravity?

That seems pretty clear to me.

The render shows an iPhone X-like display with the notch on the top and no physical button on the front.

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