Let's face it -- Apple's (NASDAQ: AAPL) iPhone X isn't the runaway success that many, including Apple, thought it would be. The iPhone X didn't spark a surge in iPhone unit shipments during the company's peak quarter, nor does the phone appear to be providing the company's iPhone business with the kind of lasting power into subsequent quarters that some had hoped for. The silver lining is that the iPhone X carries a significant premium to previous iPhone flagships, so Apple's iPhone business should enjoy year-over-year revenue growth throughout the current fiscal year as iPhone X shipments lift iPhone average selling prices. Image source: Apple.Continue reading