Apple's iPhone sales this year are poised to be the biggest in company history

Apple reported the strongest third quarter in its historyTuesday. And despite the smartphone market at a relative standstill, the company is poised to have its biggest year in iPhone revenue yet.

As this chart from Statista shows, Apple’s revenue will reach a whopping $US129.5 billion by the end of its third quarter, surpassing the previous nine-month record of $US122.8 billion in 2015. Last year’s release of the iPhone X, its first iPhone to retail at a starting price of $US999, could be a contributing factor to the company’s success this fiscal year.

Worth noting: Despite Apple’s successful year, Chinese smartphone maker Huawei has caught up: It recently passed Apple as the second largest manufacturer of smartphones in the world.

Shayanne Gal/Business Insider

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