Apple said its pricey iPhone X remained its most popular phone for the recent quarter and that its wearables category grew over 60 percent.
The popularity of the iPhone X (at a starting price of $999) helped drive the average selling price of iPhones up to $724 for the quarter ended June 30 versus $606 a year ago.
Total iPhone revenues for the quarter rose 20 percent to almost $30 billion on unit sales of 41.3 million, which have stayed relatively flat.
Apple Insider reports Apple plans to launch three successors to the iPhone X this fall including 5.8 inch and 6.5 inch OLED models and a 6.2 inch LCD model All are expected to use Face ID and sport edge to edge displays. Pricing is expected to run anywhere from $600 to $900.
Apple’s wearables segment includes Apple Watch, AirPods and Beats. It has generated $10 billion in revenues over the last 4 quarters. Apple Watch sales grew by 40 percent, said Apple.
Overall Apple had a record June quarter with net income of $11.5 billion on revenue of $53.3 billion. Revenue rose 17 percent from a year ago.
See Apple’s full financial results here.
Source: Apple, Apple Insider
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