Apple’s iPhone X hits Asia stores as profits drifts!

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Apple’s iPhone X hit stores in Asia on Friday, as the world’s most valuable company predicted bumper sales despite the handset’s eye-watering price tag and celebrated a surge in profits.

The device features facial recognition, cordless charging and an edge-to-edge screen made of organic light-emitting diodes used in high-end televisions.

It marks the 10th anniversary of the first iPhone release and is released in about 50 markets around the world Friday.

The launch came as Apple announced its net profit rose 19 percent from a year ago to $10.7 billion in the fiscal fourth quarter to September 30. Revenues were up 12 percent to $52.6 billion.

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Hours after the launch, re-sellers at the Sin Tat Plaza mall in Hong Kong’s commercial Mong Kok district were offering the phone at a marked up price of HK$11,500.

– ‘It’s worth it’ –

Around 300 customers waited overnight outside Singapore’s Apple store, the first shop in Southeast Asia to sell the new model.

Smartphone sales climbed by about a million units to 46.7 million in the three months winding up the California company’s fiscal year, according to the earnings report.

Apple chief executive Tim Cook called it a “very strong finish” to 2017.

Source: AFP

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