Higher-priced phones help Apple beat out rivals; Tech giant also boosts dividend by 11%
By DAISUKE WAKABAYASHI
Apple Inc. is pulling off a feat rarely seen in any industry, much less the
cutthroat world of consumer electronics: gaining market share while also commanding higher prices.
Led by the larger-display iPhones it introduced last fall, Apple on Monday said it sold 61.2 million iPhones in the three months ended March 28, up 40% from the year-earlier period. Many of those sales came in emerging markets, including a 72% gain in the number of phones sold in China.
The average selling price of an iPhone during the latest quarter was $659, up more than $60 compared with a year earlier.
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