Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader The Switch by Hayley Tsukayama by Hayley Tsukayama Email the author May 1 Email the author The iPhone X is doing just fine — at least, according to Apple’s latest financial results. The tech titan put to rest mounting worries about whether the phone’s $1,000 price tag would hurt iPhone sales, instead reporting that the iPhone X drove it to record revenue for its second quarter. The company reported Tuesday that iPhone sales rose by 3 percent from the same time last year. That was a surprise to many watching the company ahead of earnings, who expected to see iPhone sales crater amid reports that Apple suppliers such as Samsung had drastically cut their projections for the upcoming quarter. Apple’s shares dipped 5.8 percent over the past month after several reports said the Cupertino, Calif., company was cutting back on production of the iPhone X because of poor sales. Yet while the phone didn’t spark the “supercycle” or huge spike in sales that many expected… Read full this story
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