Apple sells lower than expected 77.3M iPhones in fiscal first quarter; iPhone X sales appear strong

Apple was hoping to stop all the talk about disappointing iPhone X sales with the release of its fiscal first quarter earnings; instead, there is more confusion. The tech giant reported sales of 77.3 million iPhone units during the three month period from October through December 2017, with iPhone revenue amounting to $61.6 billion. Analysts were looking for Apple to report sales of 80.2 million handsets. Last year's fiscal first quarter saw Apple ring up 78.3 million iPhones resulting in a year-over-year decline.

Bulls might look at the average revenue per unit, which came in at $797, much ...