Instant Alert: Apple's making more money off the iPhone — even as it sold fewer of them

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Apple's making more money off the iPhone — even as it sold fewer of them

by Zoë Bernard on Feb 2, 2018, 8:11 PM

Apple sold fewer iPhones in the holiday quarter than it did a year earlier, a fact that in the past would have spooked investors and worried the company's fans. But not this time around. That's because even though it sold fewer phones, it made a lot more money off them.

Boosted by sales of the company's new flagship, the iPhone X, which starts at $1,000, the average price consumers paid for Apple's smartphones jumped through the roof in the period. As seen in this chart from Statista, which is based on Apple's data, the average price consumers are paying for iPhones has been on a steady incline — as has Apple's smartphone revenue.

chart of the day

SEE ALSO: Nintendo Switch is on track to sell 20 million units in 2018 Nintendo Switch is on track to sell 20 million units in 2018


 
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