Apple sells fewer iPhones than expected, but revenues and ASPs jump on iPhone X

Apple sold fewer iPhones overall than many on Wall Street had expected, but the company’s iPhone revenues and average selling prices jumped significantly due to the $1,000 price tag on the company’s new iPhone X. The results appear to show that Apple enjoyed solid sales of the iPhone X, though reports have indicated that Apple may reduce production on the device due to slowing sales.
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