Apple Hammers The Competition
Apple's iPhone 17 was the top-selling smartphone in Q1 2024, according to CounterPoint's Global Handset Model Sales Tracker. Apple's quarterly revenue rose 17% to $111.2 billion, driven by a 22% increase in iPhone sales.
CounterPoint's Global Handset Model Sales Tracker reported that Apple's iPhone 17 was the best-selling smartphone in Q1. The iPhone 17 Pro Max and iPhone 17 Pro followed in second and third place, respectively. Apple's iPhone sales rose 22% to $60 billion, contributing to the company's quarterly revenue of $111.2 billion, a 17% year-over-year increase. Apple's diluted earnings per share were $2.01, up 22%. Senior Analyst Harshit Rastogi attributed the iPhone 17's success to upgrades such as higher base storage and camera resolution. The strong demand for the iPhone 17 was notable, given its lack of AI features, which are expected to be provided by Google's Gemini under a deal with Apple.
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