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Apple iPhone X was the best-selling smartphone globally in Q1, according to a report by Strategy Analytics. After that, the Samsung Galaxy S9 Plus isn't doing particularly bad for itself. The previous-generation iPhone 7 shipped a respectable 5.6 million units for fourth place. The iPhone 8 Plus, launched along with the iPhone 8 and iPhone X was the third best selling smartphone with 8.3 million units sold.

The iPhone X was believed to impact Apple's sales revenue owing to its sheer United States dollars 1,000 price tag.

Apple iPhone X was the world's best-selling smartphone model, shipping an impressive 16 million units during the quarter, according to the latest research from Strategy Analytics.

We have estimated that iPhone X contributed 27% of Apple's overall revenue in fiscal Q2 2017, making it the most significant contribution by an iPhone model in the history of the company. The phone is powered by the A11 Bionic chip, which is also on the iPhone 8 series.

Investors have watched Apple closely in recent weeks as a string of poor forecasts from the smartphone supply chain signalled that iPhone demand may be lower than previously expected. Smart Portfolios LLC acquired a new position in Apple during the first quarter valued at approximately $134,000. The iPhone X also did not have the famed Touch ID and was replaced Apple's own facial recognition system, now known as Face ID. However, Apple shipped 16 million units of the "most expensive iPhone ever" in the given quarter, Cnet reports. "Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter", he said.

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Despite rumours of an underperforming iPhone X in the quarter, Apple stated that the iPhone X was the most popular model each week in the March quarter. The smartphone market contracted by 2 percent from the same period a year ago.

The next-best-thing is the iPhone X, which accounted for 4.6% of the market in Q1 2018.

The phone managed to beat analysts' fears regarding its market performance due to its high price. The company has a market cap of $895,918.56, a price-to-earnings ratio of 19.21, a PEG ratio of 1.35 and a beta of 1.26.

"We estimate that Xiaomi Redmi 5A shipped 5.4 million units for fifth place and 2 percent marketshare worldwide in Q1-2018".

Suppliers around the globe had warned of smartphone weakness, playing into fears that the company known for popularizing personal computers, tablets and smartphones had become too reliant on the iPhone. Xiaomi has captured the Indian and Chinese market through its high-volume sales channels and key retail partners.