Plenty of Apple traders are betting the new iPhone X will set off a huge shopper shopping for spree and enhance the firm’s revenues. However even earlier than the iPhone X hit store shelves on Friday, Apple’s smartphone business was on the upswing.
As we will see in this chart from Statista, shipments of Apple’s iPhones elevated in the firm’s not too long ago ended 2017 fiscal 12 months. That’s necessary as a result of in the firm’s prior fiscal 12 months, the iPhone business skilled its first-ever drop in shipments. At the time, many observers have been fast to declare the finish of the iPhone phenomenon, citing growing competitors and falling costs.
Apple proved the naysayers improper. Now the firm hopes to hold the streak alive with the iPhone X.
- BI Graphics