"iPhone X sales defy rumors"
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CNET News Video
CNET News Video
iPhone X sales defy rumors
It looks like Apple investors can breathe a sigh of relief right about now.
Despite rumors of a slow down in iPhone sales, the Cupertino company proved them wrong.
The report early earnings report revealed a nearly three percent increase in iPhone sales, and record profit.
Apple CEO Tim Cooks said quote, We're thrilled to report our best March Quarter ever, with strong revenue growth in iPhone, services, and wearables.
After a slight dip in sales for the holiday quarter, and rumors of weak demand from iPhone X suppliers, many feared the golden era of the iPhone had come to an end.
But iPhone sales were just shy of the 53 million expected.
Cook even went on to mention that the iPhone X was their best selling iPhone, every week in the March quarter.
And Apple's other products?
IPad sales are slightly up while Mac sales are down a bit.
Revenue is up for wearables like the Apple Watch and headphones along with their service business which includes Apple Music and the App Store.
And no numbers yet for Apple's newest product, the HomePod.
Next on the horizon, Apple's annual developer's conference in June where we'll see it's latest software updates, and perhaps more about a rumored ARVR headset.
Watch our live coverage of WWDC on June 4th.
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