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Are Apple’s iPhone X Gross sales Robust or Sluggish?

When Apple unveiled the iPhone X final yr, the corporate known as it the “way forward for smartphones.” However its fourth-quarter efficiency doesn’t essentially inform that story.

Apple’s iPhone X accounted for 20% of all U.S. iPhone gross sales through the fourth quarter, Shopper Intelligence Analysis Companions stated (PDF) on Monday. That was sufficient for the iPhone X to prime the iPhone eight Plus, which accounted for 17% of whole iPhone gross sales through the interval, however nicely behind the iPhone eight, which tallied 20% of gross sales.

Total, the three latest iPhone fashions made up 61% of whole iPhone gross sales. That was down considerably from the 72% share the iPhone 7 and iPhone 7 Plus accounted for in 2016 after they hit retailer cabinets.

At first blush, then, the iPhone X may not appear to be a breakout hit. The iPhone 7 Plus in 2016, as an illustration, earned greater than 30% iPhone market share in its first quarter on retailer cabinets. However CIRP accomplice Josh Lowitz stated the iPhone X is altogether completely different than earlier releases.

Get Information Sheet, Fortune’s expertise publication

“Comparisons to earlier launches are tough at finest,” Lowitz stated in a press release. “First, iPhone X wasn’t accessible for the total quarter. The Apple mannequin pie is additional divided, as they now supply eight fashions, probably the most ever. And, Apple launched the brand new telephones on a unique schedule, asserting three new fashions without delay, however delaying the launch of probably the most superior and costly one, iPhone X, for 5 weeks following the launch of iPhone eight and eight Plus.”

Whereas Apple introduced the iPhone X alongside the iPhone eight and iPhone eight Plus in September, the $1,000 handset didn’t truly attain retailer cabinets till November. That gave the iPhone eight and iPhone eight Plus almost two months of time on retailer cabinets earlier than the iPhone X was launched. Apple stored an identical September launch schedule with different earlier iPhones. The truth that the iPhone X was in a position to attain 20% share in simply a few months, due to this fact, suggests it was an inexpensive success.

For its half, Apple hasn’t commented on iPhone X gross sales and the way they examine to iPhone eight or iPhone eight Plus gross sales. However the firm will maintain an earnings name subsequent month that would shed some gentle on precisely how nicely its iPhone is performing.

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