Contrary to some analysts' subdued forecasts ahead of Apple's latest financial results, CEO Tim Cook says that Q1 2018 saw new revenue highs and iPhone X sales that "surpassed our expectations."
Apple is cooperating with U.S. government inquiries into its secret slowdown of older iPhones, further complicating its efforts to move past an issue that irked customers whose devices bogged down.
With Apple due to release its Q1 2018 financial results, analysts and investors will be watching for numbers indicating whether the iPhone X is a hit or a bust, but reports suggest the latter.
Apple's next update of its mobile software will include an option that will enable owners of older iPhones to turn off a feature that slows the device to prevent aging batteries from shutting down.
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