IPhone X Shipments to Attain 18 Million in Q1 2018: KGI

IPhone X Shipments to Attain 18 Million in Q1 2018: KGI

As per the analyst, Apple will manage to ship 62 million units of iPhone X in total, which is comparatively down from the estimated sales of 80 million. That's what Apple wants you to believe. Since it would take some time to restart production of the phone and battery, Apple will substitute the phone for the iPhone 6s Plus instead. The iPhone X had a during the holiday shopping season, but that's about it. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion.

In other Apple news, SVP Johny Srouji sold 5,760 shares of the business's stock in a transaction dated Wednesday, November 22nd.

"Based on our research, we forecast iPhone X cuts to be around 3 million units this quarter, well below the bearish view of 10 million units". The consumer tech giant's stock hit fresh all-time highs late last week, and its market cap of $908 billion makes it the favorite to be the first company to top the $1 trillion mark later this year.

"iPhone X would hurt product brand value and lineup of.new models if it continues to sell at a lower price after.new models launch", the research note from Kuo said, according to MacRumors.

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One model is said to feature a 6.5-inch OLED display while the second will reportedly boast a 6.1-inch LCD display.

Apple's new 2017 iPhone models - iPhone 8, iPhone 8 Plus and iPhone X - made up for about 61% of iPhone sales in the United States, according to a new consumer study from CIRP. Any potential "super cycle" would kick off in the fall of 2018 following the launch of three new iPhones.

The reason for the mooted first-gen iPhone X production halt? The report's breakdown is considered a rought estimate, as Apple doesn't formerly break out iPhone sales by model. Apple may have plans to drop the "X" moniker, and do away with the rest of the iPhone numbering system, too. So says KGI Securities analyst Ming-Chi Kuo. The market was anxious that the phone's high price would weaken the demand once the euphoria was over. The analyst predicts that Apple will stop producing the iPhone X in Q2 2018, thanks to the not-so-strong sales. The highlight of the ad is poetry by Muhammad Ali aimed at bolstering your self-belief.

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