Apple iPhone X Becomes World's Best-Selling Smartphone Model

Consumer Electronics

Published: May 4, 2018 6:35 am

Last Updated: January 12, 2020 12:05 am

There has been a great deal of concern about the future of the iPhone X, Apple Inc.’s (NASDAQ: AAPL) most expensive iPhone model. That worry was overdone. The iPhone X was the best-selling smartphone model, based on shipments, in the world during the first quarter of 2018. The iPhone 8 and iPhone 8 Plus were just behind it and ahead of all competition.

The iPhone X had a market share of 16.0% of the 345.4 million units shipped. The iPhone 8 had 12.5% and the iPhone 8 Plus posted an 8.3% share.

Juha Winter, senior analyst at Strategy Analytics said:

We estimate the Apple iPhone X shipped 16.0 million units and captured 5 percent marketshare worldwide in Q1 2018. For the second quarter running, the iPhone X remains the world’s most popular smartphone model overall, due to a blend of good design, sophisticated camera, extensive apps, and widespread retail presence for the device. Apple has now shifted almost 50 million iPhone X units worldwide since commercial launch in November 2017. The Apple iPhone 8 and iPhone 8 Plus shipped 12.5 and 8.3 million units, respectively, for second and third place. The previous-generation iPhone 7 shipped a respectable 5.6 million units for fourth place. Combined together, Apple today accounts for four of the world’s six most popular smartphone models.

Trailing the iPhone was a model made by China’s Xiaomi, the Redmi 5A, with a market share of 5.4%. Just behind, Apple’s primary rival Samsung had a 5.3% share with its Samsung Galaxy S9 Plus.

Leading up to its earnings, there were rumors that Apple might abandon the iPhone X because of its high retail price. Apple sells the most expensive version of the phone, with 256 gigabytes of storage, for $1,149. Wireless carriers that sell the model cut prices as low as $41.66 with a two-year subscription plan.

Rather than being a failure, the iPhone X has put Apple into the lead of the new generation of smartphones. Apparently, consumers have decided its features trump its high price.

ALSO READ: 10 Lessons of Sanity From Warren Buffett During Insane Markets

The Average American Has No Idea How Much Money You Can Make Today (Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps