Very Little Buzz For Apple's IPhone X

Very Little Buzz For Apple's IPhone X

"After the first wave of demand has been fulfilled, the market now worries that the high price of the iPhone X may weaken demand in the first quarter", Zhang wrote in a report earlier this week.

However, Apple may see an increase of sale for the iPhone 8/8 Plus/X in China in 2018 as the company is expected to pour 30-50 million more units in the region.

Apple's uptake for newer iPhone models rose to 73 percent in 2016 when the iPhone 7/7 Plus was released.

Last week, the company acknowledged that operating system updates released since "last year" for the iPhone 6, iPhone 6s, iPhone SE and iPhone 7 included a feature "to smooth out" power supply from batteries that are cold, old or low on charge.

Earlier today, word spread that Apple's iPhone X may not be selling as briskly as initially anticipated.

According to some analysts, shipments this shopping season are 10 million less than estimated. Apple came under fire recently after it admitted to intentionally making older iPhone models slower and the poor press added fuel to the bear argument that AAPL stock is overvalued and due for a correction in 2018.

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Australian law firm Shine Lawyers' Jan Saddler said Apple could be slapped with additional global lawsuits, considering the company misled millions of consumers worldwide into believing that their iPhones were malfunctioning, causing them to upgrade to newer and more costly devices. USA -based suppliers like Lumentum Holdings Inc., Cirrus Logic Inc. and Broadcom Ltd. also tumbled. However, competitors like Samsung and Huawei are catching up on Apple especially in emerging markets like India and China. Equities analysts predict that Apple will post $8.94 EPS for the current fiscal year. The company also had described pre-orders for iPhone X as "off the charts".

Shares of Asian suppliers, such as Lens Technology Co., Shenzhen Desay Battery Technology Co. and Largan Precision Co. fell Monday on the report.

Lens' shares bounced back the next day, but Largan's continued to fall. Shenzhen Desay was little changed.

Officials for Apple France could not be immediately reached for comment.

Apple has not publicly disclosed quarterly sales targets for the iPhone X, which went on sale in November in India. Instinet reissued a "buy" rating and issued a $185.00 price objective (up previously from $175.00) on shares of Apple in a research note on Wednesday, September 6th. He lowered his rating to "neutral" from "buy".

Pointing to thousands of complaints online, HOP said that many printers stopped working when ink levels were shown as too low and also said other components were wrongly flagged as needing replacement. Apple has been reluctant to share how new iPhone sales broke down in 2017, with the Cupertino firm even suggesting that, as it has never had three new handsets launching pretty much simultaneously before, even it was uncertain how consumers would behave. "They won't easily ditch the premium brand image of Apple and the iOS they already feel comfortable with", said Seo Ki Man, an analyst at LG Economic Research Institute.


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