When it announced its financial results, Apple confirmed that sales of the iPhone 11 have helped it reach record revenues.
Although iPhone sales were somewhat disappointing in the first quarter of 2019, things changed considerably in the following months. Indeed, Apple recorded a turnover of 56 billion dollars in the last quarter. This is 8% growth from the previous year ($ 52 billion).
Tim Cook confirmed that the iPhone 11 was the best-selling model in the December quarter. In second place, we find the 11 Pro and 11 Pro Max, significantly more expensive models. The holiday quarter is the first full quarter of sales for these three smartphones. In the previous quarter, these three iPhones had only actually been available for sale for two weeks.
Apple’s CEO also said customers took advantage of the monthly interest-free financing launched in December to buy a new iPhone. This plan certainly helped a lot as iPhone sales hit new heights.