Average US iPhone Price Hits a Record $873

Spurred by big demand for top-of-the-line iPhones, the average selling price in the U.S. hit $873 last quarter, up from $809 a year ago, according to a report from Chicago-based Consumer Intelligence Research Partners. From a report: Apple still makes a huge chunk of its revenue and profits from iPhone sales, though services are an increasing source of both as well. "For the full quarter, the new iPhone 12 models, and in particular the most expensive ones, garnered a significant share of sales," said CIRP partner and co-founder Josh Lowitz.

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