Technology

Apple sold less iPhones but more expensive

Apple sold less than the expected iPhones in its most recent quarter, but higher sales prices mean the tech giant has once again outstripped Wall Street’s forecasts, according to the BBC UK network.

As the company announced late yesterday, it sold 41.3 million iPhones for the three months to the end of June, just 1% more than last year. However, the average price of iPhone amounted to $ 724, well above the forecast for $ 694. According to the company, the $ 999 iPhone model, released last year, remained the most popular iPhone model for this quarter and set the highest selling prices.

The company’s performance also supported a strong 31% revenue growth from Apple’s service unit, including services such as App Store, Apple Music and Apple Pay. Company’s quarterly revenue rose 17 percent year-on-year to $ 53.3 billion, while its profits stood at $ 11.5 billion, up 32 percent from its last year.

Its stock jumped more than 3% in its post-trading deal, leading Apple’s current capitalization a step closer to the 1 trillion. dollars.