Apple’s iPhone XR has become the company’s best-selling iPhone version daily since it went on sale in mid-October, a business executive told Reuters on Wednesday.
The iPhone XR, that prices $749 (approximately Rs. 52,400), was announced alongside two other versions, the iPhone XS $88,439 and XS Max $98,000, which start at $999 (approximately Rs. 70,000). The XR brings several important features of those phones to a lesser cost point, and analysts widely seen it as Apple’s attempt to bring facial recognition unlocking and its newest processing chip to a larger set of buyers.
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There’s a fantastic reason Apple executive within the last few years have cautioned us to not listen to cryptic supply chain rumors concerning iPhone production cuts: they’re often dead-wrong. Within the past couple of weeks, we have seen a number of reports claiming that iPhone XR sales have been underwhelming. In reality, many of these reports have relayed that iPhone XR need is so low that Apple was recently forced to scale back production.
In the process, investors have become rather bearish on Apple shares, and of course the future prospects of the company. In just a matter of a couple weeks, Apple’s stock price went from trading at about $231 per share all the way down to approximately $172 per share. But as it turns out, it appears that each of the doom and gloom stories surrounding Apple’s fall from grace have been far off the mark. Obviously, for anyone who has followed Apple over the years can attest, this situation seems to play out regularly each and each and every year.
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Reports of slowing iPhone sales have been plentiful within the last month. Last week, a report suggested that Apple had reduced orders for the iPhone XS and iPhone XR because of problems calling demand using a three-model line.
Joswiak declined to provide specific commentary on the aforementioned reports, only reiterating the iPhone XR has”been the most popular and best-selling iPhone” since its launch.
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