Apple's second quarter profit soared 25 percent to $13.8 billion, up from $11 billion in the same period a year prior.
Apple said it sold 52.2 million iPhones during the three months ended March 31, up just 3 percent from the same period a year earlier. Analysts projected Apple would sell 53 million iPhones during the second quarter of 2018.
Tim Cook, Apple's CEO, told analysts April 1 the iPhone X, which goes for $999, was the company's best-selling model during each week of the most recent quarter, CNN Tech reports.
The limited growth in iPhone sales didn't stop Apple's revenue growth. The company reported $61 billion in revenue in the second quarter of this year compared to the same period in 2017. A higher price tag on Apple's iPhone contributed to the 16 percent year-over-year increase in revenue.
Apple also unveiled a $100 billion share buyback program to investors. Apple will increase quarterly dividends by 16 percent.
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