Apple sold 52.2 million iPhones last quarter

Apple Inc. sold 52.2 million iPhones in its fiscal second quarter, in line with analysts’ expectations, showing demand remains strong for the company’s most-important product.

The Cupertino, California-based company reported a 2.9 percent increase in units sold from 50.1 million iPhones in the quarter a year earlier. Analysts had projected consumers would buy 52.3 million phones, on average, although some investors expected fewer units. While the iPhone numbers represent slight growth for Apple, they don’t match the performance some analysts and investors expected when the iPhone X launched last year.

The average selling price of the phones was $728, versus Wall Street forecasts of $740. It’s also well below the $796 average selling price reported in the holiday quarter. That suggests Apple’s flagship iPhone X didn’t sell as well as it did in the earlier quarter. Still, the price is considerably higher than the $655 average selling price in the

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