IPhone X becomes world's best selling smartphone for Q1 2018

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62% of Apple's overall revenue in fiscal Q2 2018 came from iPhone sales, and little less than half of it - 42.23% precisely - was contributed by Phone X alone.

The company forecasted a midpoint of US$52.5 billion in revenue for the June quarter, beating analyst expectations of US$51.6 billion.

Analysts have been extremely pessimistic about the iPhone X, with almost daily predictions that Apple's top-of-the-line model was a flop.

The rumor we're seeing suggests that Apple will be putting fast chargers in the box of the iPhone X2, bringing it in line with top competitors like Samsung and Huawei, who offer the tech for free at purchase. Apple shipped 12.5 million units of iPhone 8 and 8.3 million units of iPhone 8 Plus, for second and third place.

Last but not least, the iPhone SE 2 is believed to be powered by an Apple A10 Fusion chipset under the hood, accompanied with 2 GB of RAM.

Strategy Analytics estimates that the iPhone X captured 5% of the market worldwide in the quarter ended in March, with total units from its launch to the end of the period reaching an approximate 50 million units. While the company still hasn't shared Apple Watch sales specifics, Cook said that Apple Watch revenue grew by double digits year-over-year, achieving a new March quarter record.

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Earlier this year, the company said it planned on upping its dividend to 16 per cent, up from 10.5 per cent last year.

Apple has been emphasising its contributions to the U.S. economy in recent months, outlining a US$30 billion U.S. spending plan and highlighting the tens of billions of dollars it spends each year with U.S. -based suppliers.

The firm estimated that cumulative sales of the iPhone X between launch and the end of March reached nearly 50M units. Perhaps, a new iPhone SE without the "2" might move on the end making it a cheaper spin-off of the current iPhone X or iPhone.

Apple has reportedly acknowledged an issue with the microphone on iPhone 7 and iPhone 7 Plus handsets for users running iOS 11.3. In February, Apple reported the services segment saw 18 percent growth, rising to $8.4 billion. It also reduces the number of shares trading, which increases earnings per share - a key yardstick for measuring a company's value. "Xiaomi has become wildly popular across India and China".

There was also quite a bit of speculation that, given the difficulties in the Chinese smartphone market lately, with slowing sales and increased competition, the iPhone X might be in for a rocky ride.

The good news is that Apple might be trying to do something about that, giving you more power in less time. and without having to spend money on a new accessory.

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