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Apple's pricier iPhone helps it beat expectations

San Francisco | Apple's sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets, with subscriptions from App Store, Apple Music and iCloud services bolstering business.

Apple also forecast revenue above expectations for the fall, when it typically launches new iPhone models, reassuring a nervous tech sector that saw sell-offs last week in Facebook, Twitter and Netflix on concerns about their future growth. Apple also regained growth in China, where sales rose 19 per cent.

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Reuters

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    Original URL: https://www.afr.com/technology/technology-companies/apple/apples-pricier-iphone-help-it-beat-expectations-20180731-h13ehj