Apple's 'best selling' iPhone X helps company to second-quarter revenues of $61.1bn

Tim Cook roundly debunks reports that the iPhone X is struggling

Contrary to multiple reports, Apple's new iPhone X has been the company's best-selling smartphone "every week" during 2018, CEO Tim Cook said, unveiling the company's second-quarter financial results.

Cook singled out the sales performance of the iPhone X following a string of reports that suggested that sales of the device had dropped off and that the company was considering dropping the device from its line-up.

Instead, the popularity of the iPhone X helped Apple to is best-ever second quarter, with revenues weighing in at $61.1 billion, up by 15 per cent on the same period last year, and well ahead of analysts' consensus expectations.

Net income for the quarter came in at $13.82bn, up from $11.03bn in the year-ago quarter.

This growth was largely credited to the iPhone, with Apple flogging 52.2 million smartphones during the three-month period, up three per cent on last year.

"Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter," said Cook.

Apple's iPad sales were also up in the second quarter, with Apple selling 9.11 million of the tablets compared to 8.92 million this time last year.

Even though the quarter ending March didn't include sales of the company's new education-focused iPad, Apple boasted that it increased its share of the global tablet market during the quarter, with the number of active iPad users reaching an all-time high.

Apple's Mac lineup, though, continued to suffer from the company's neglect, with the firm seeing a three per cent decrease in sales to 4.07 million.

Apple's Services and 'other products' businesses saw the most impressive growth during the second quarter, with sales of $9.1bn (up 31 per cent) and $3.95bn (up 38 per cent).

The firm didn't break down how its other products - which include AirPods, the Apple Watch and HomePod speaker - performed individually, but did note that 90 per cent of the category growth came from wearable devices.

This adds weight to the rumours that Apple's Siri-powered HomePod speaker isn't selling too well, with recent reports claiming that the company has been forced to lower sales forecasts and cut orders with suppliers.

Nevertheless, Cook seemed optimistic, saying on the firm's earnings call: "HomePod is widely recognised for having the best sound quality for its size and class. We're looking forward to adding new features to HomePod."