Best Selling iPhone

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.