Releasing its latest quarterly report, Apple announced it had sold 52.2m iPhones in the quarter ending 31 March, at an average price of $728.54. But Apple’s share price has stumbled recently as fears about slowing iPhone sales took their toll. The iPhone remains Apple’s biggest product, even as sales of services and other items, including the Apple Watch, have grown. But the 11-year-old mobile device accounts for the majority Apple’s revenues and contributed $100bn over the quarter. “It has no choice but to demonstrate it can reduce its dependency on iPhone sales and enter new adjacent markets and territories,” he said.

Source: The Guardian May 01, 2018 22:10 UTC