Apple’s second quarter earnings report on Tuesday reassured Wall Street that iPhone sales are healthy—the company sold only 3% more iPhones in the last quarter but profit soared because the $1,000 iPhone X was its top-selling model each week in the quarter.

“We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter. We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan.”

Apple’s quarterly earnings call on Tuesday also detailed four areas of growth powered by its connected technology: wearables (with Apple watch now “the top-selling watch in the world”), payments, security and healthcare services.

Sourced through Scoop.it from: www.brandchannel.com