Why was iPhone X so successful at $999 despite a mountain of false reporting?

Reporting by Bloomberg, the Wall Street Journal and Japan’s Nikkei created and perpetuated an absurd fiction that Apple’s iPhone X was a “disappointing,” “overpriced” product with “weak” sales, when it reality it remained Apple’s most popular iPhone every week this quarter across 14 percent growth in iPhone sales in a business where no other company “mostly” sells their most expensive flagships, and where overall demand for smartphones is actually shrinking globally.

Source:: Apple Insider

      

Notes of interest from Apple’s Q2 2018 conference call

Apple set a new high for the March quarter on the back of a premium-priced iPhone lineup anchored by iPhone X, as well as continued growth in the services segment. Following the publication of its first fiscal quarter 2018 results, the company provided additional detail on the record-setting performance in an earnings conference call.

Source:: Apple Insider