Apple’s Q1 2018 results are out, and the numbers point to Apple’s mighty iPhone cash generating machine might be starting to run out of steam.
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Sales of 77.3 million units makes this Apple’s second best iPhone quarter to date, and represents a massive 66 percent increase compared to the last quarter. However, this is a 1 percent decline compared to the year-ago quarter.
iPhone average selling price (ASP) was however very strong at $796, compared to only $617 the previous quarter, and up dramatically compared to the $694 of the year-ago quarter.
It’s unclear why sales missed estimates. Perhaps delaying the iPhone X until November had a dampening effect, or…