iPhone Sales Miss Estimates, But Sell for Higher Price

(Bloomberg) -- Apple Inc. sold 41.3 million iPhones in its fiscal third quarter, just shy of analysts’ estimates for 41.6 million. On a year-over-year basis, that represents unit growth of 0.7 percent. The average sales price for the devices came in at $724, beating expectations for $699 and indicating strong demand for higher-priced models like the iPhone X. The Cupertino, California-based company forecast fiscal fourth-quarter revenue of between $60 billion and $62 billion, exceeding estimates.

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To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Nancy Moran, Molly Schuetz

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