The iPhone 11 sells like Popeyes chicken sandwich, and that may be bad news for Apple

Initial reports that it is selling on par with the early adopter excitement around the Pro models started surfacing as far back as its launch month and were particularly valid for the US market. Then the global sales estimates started pouring in, and it turned out that the humble 11 is hitting it off with Apple fans like no other iPhone in the lineup, amounting to the whopping 40% of new iOS handset sales even.
Thus, Apple has asked its chip foundry honchos from TSMC to keep up with the demand, and churn out more A13 processors than they had forecast for the quarter. Apple reports at the end of the month, and we should know more about its revenue from Greater China then.
We'll see, but Apple is pretty dependent on its high-priced iPhone selling in decent volumes if it is to maintain its crazy ASP numbers, as you can see from analyst Horace Dediu's chart here, so that strong iPhone 11 demand may not be the good news that it sounds like at first blush.
iPhone prices from June 2007 to August 2020. pic.twitter.com/IWKgZGhP4Y
— Horace Dediu (@asymco) 22 септември 2019 г.