Apple's not selling as many iPhones as it used to

iPhone sales aren't as hot as they used to be.

The company announced its Q1 2018 earnings on Thursday and — surprise, surprise! — it set another all-time quarterly revenue record, bolstered by iPhone sales.

Total revenue this past quarter increased $88.3 billion from $78.4 billion, a 12.63 percent increase year-over-year. But while revenue increased, iPhone sales dropped.

Though the company doesn't break unit out individual unit sales by model, Apple says it sold 77.3 million iPhones — a decrease from the 78.2 million iPhones it sold in the same period in 2017. Read more...