The Low Sales of the iPhone 8

20 October, 2017, 00:50 | Author: Boyd Miller
  • Apple Stock Falls On 'Anemic' iPhone 8 Demand, Production Cuts

Despite all this, the relatively tame iPhone 8 and iPhone 8 Plus are still going to be very important to the iPhone business both this year as well as possibly next year.

Apple (NASDAQ:AAPL) traded down 2.68% during midday trading on Wednesday, reaching $155.48.

The iPhone X also has an improved rear-camera subsystem compared to either the iPhone 8 or the iPhone 8 Plus, as well as a much more advanced front-facing camera with 3D sensing capabilities marketed by Apple as a TrueDepth camera.

According to a new report published by Reuters, more people in the USA are buying the 2016 Apple iPhone 7 as compared to the new iPhone 8, which was unveiled in September.

A recent rumor suggested that the iPhone 7 was outselling the iPhone 8, how accurate this is remains to be seen.

Such a severe production cut less than two months into the iPhone 8 cycle is unlikely, given Apple's typically conservative production planning, but not impossible.

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"iPhone 8 demand has been naturally soft out of the gates with the main event being the iPhone X launch in early November".

Described as overpriced and lacking new features retailers and carriers in Australia who were banking on increased demand for the new iPhone 8, have now cut back their second and third quarter revenue forecasts.

Considering that the iPhone 8 has only been around for about a month now, Cupertino has yet to release any figures regarding the sales of the phone. "Working together, GE and Apple are giving industrial companies access to powerful apps that help them tap into the predictive data and analytics of Predix right on their iPhone or iPad".

Plus, the shadow of the looming iPhone X appears to be tamping down interest in the iPhone 8.

"Apple is hoping the later availability date for iPhone X will not affect iPhone 8 sales this quarter", Ian Fogg, mobile and telecoms analyst at IHS has previously said. In London, UK, there had been less people turning up early in the morning of the release, but as time went on, more people showed up to get the new iPhone. "iPhone X establishes a new value level for Apple customers that want a premium, futuristic device".

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