Apple's earnings report was mostly uneventful.
One thing, though, that had people buzzing was the drop in the average selling price of the iPhone.
The average price of the iPhone was $581, a big drop from $613 in the previous quarter.
On the earnings call, Apple's execs said sales of the iPhone 4 accelerated which dragged on the ASP.
Apple sells the three-year-old iPhone 4 at a discount to the iPhone 5.
The execs were also careful to say the iPhone 5 is by far the most popular iPhone in the line up.
It seems like the strength of the iPhone 4 helped Apple beat expectations for iPhone sales. It also sets the stage for Apple to finally introduce a lower-cost iPhone that's not just an older version of the iPhone.
Here's a look at the ASP trend:
Business Insider
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