Apple Forecast Falls Short After iPhone Sales Miss Estimates
- CEO says iPhone X has been top-selling phone every week
- Expensive flagship handset lifts average selling prices
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Apple Inc. forecast lower-than-expected revenue for the current quarter and reported iPhone sales from the crucial holiday period that missed analysts’ forecasts, suggesting waning demand for its most-important product.
The Cupertino, California-based company said revenue in the three months ending in March will be $60 billion to $62 billion. Analysts were looking for $65.9 billion on average, according to data compiled by Bloomberg.