Apple sells 52.2 million iPhone handsets in fiscal Q2, fails to beat estimates as stock still soars

  • Apple sold 52.2 million iPhone handsets during the January to March period, which failed to beat Wall Street’s estimate of 52.4 million. The figure was still higher than the 50.8 million units that Apple sold during last year’s fiscal second quarter. Apple CEO Tim Cook, mindful of the rumors about sluggish sales of the iPhone X, said customers “chose iPhone X more than any other iPhone each week in the March quarter.”

    Despite Tim Cook’s claim about iPhone X sales, the company reported an Average Selling Price for the iPhone of $ 728 versus forecasts of $ 740. That would seem to indicate lower …

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