Apple's cheap new $400 phone convinced more people to buy iPhones, bringing its struggling smartphone business to growth even during a pandemic (AAPL)

· Apple's decision to launch a smaller, cheaper iPhone during the pandemic has clearly paid off, helping to push the company's iPhone business back to growth.
· It was one of the highlights in Apple's blowout fiscal third-quarter earnings, which saw overall revenue increase year-over-year by 11%, the company said on...