Apple Inc’s iPhone XR has been the company’s best-
selling iPhone model every day since it went on sale
in mid-October, a company executive told Reuters on
Wednesday.
The iPhone XR, which costs $749, was announced
alongside two other models, the iPhone XS and XS Max,
which start at $999. The XR brings many key features of
those phones to a lower price point, and analysts widely
viewed it as Apple’s effort to bring facial recognition
unlocking and its newest processing chip to a wider set
of buyers.
But a string of negative forecasts from smartphone
suppliers in recent weeks has sparked concerns that the
model might not be performing as Apple had hoped.
Those reports, alongside investor anxiety over Apple’s
Nov. 1 disclosure it will no longer provide investors with
iPhone unit sales data, have contributed to a more than
20 percent drop from Apple’s peak share price in October.