iPhone X was the best-selling smartphone in early 2018
Apple's quarterly earnings call highlights surprisingly strong sales for the flagship.
Justin JaffeManaging editor
Justin Jaffe is the Managing Editor for CNET Money. He has more than 20 years of experience publishing books, articles and research on finance and technology for Wired, IDC and others. He is the coauthor of Uninvested (Random House, 2015), which reveals how financial services companies take advantage of customers -- and how to protect yourself. He graduated from Skidmore College with a B.A. in English Literature, spent 10 years in San Francisco and now lives in Portland, Maine.
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There's simply no understating the importance of the iPhone in those results. Apple generates about two-thirds of its revenue -- and, most likely, much of its profits -- from the iPhone portfolio. The company sold 52.2 million of its
in the first three months of 2018, and Cook noted that the iPhone X was Apple's best-selling device every week of the quarter.
In fact, countering the predictions of many analysts, the iPhone X claimed the title of best-selling smartphone overall for the first quarter of 2018. Apple shipped 16 million iPhone X units between January and March, according to market researcher Strategy Analytics. Apple also nabbed the next two spots on the list with the iPhone 8 and iPhone 8 Plus, which sold 12.5 million units and 8.3 million units, respectively.
In the weeks leading up to Apple's announcement, numerous analysts cut their earnings estimates, warning that it could mark the end of an era of staggering growth. They based their fears on results from Apple's component suppliers, including Samsung, which warned about weakness in the mobile market.
Samsung held on the smartphone sales crown by shipping 78.2 million units, a decline of 2 percent year over year, giving it a market share of 23 percent. Apple's second-place finish marked an increase of 3 percent, giving it a market share of 15 percent.
Earlier this week HTC tweeted a teaser image promoting the May 23 launch of its upcoming flagship phone. The pic used in the tweet was a closeup of internal components along with the tagline, "A phone that is more than the sum of its specs."
The assumption by most was that what we were seeing was a tease of the inside of the new HTC phone. That, however, was not the case...
The iPhone 7 and
iPhone 7 Plus
look to have taken on an audio bug with iOS 11.3. Apparently, if you're in the middle of a call or FaceTime video on either phone and using the current version of iOS, there's a chance your mic will stop working. There's also the possibility that your speakerphone button will stop working too.
LG G7 ThinQ
was fully unveiled earlier this week, notch and all. However, LG claimed it hasn't jumped on the iPhone X notch bandwagon and had actually decided to use the notch before Apple. How exactly it knows when Apple decided to use a notch is as yet unclear.