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It's the forecast for a strong holiday season that indicates the iPhone X will drive sales then. The device, arriving a decade after the first iPhone, marks the first major smartphone redesign by Apple in years. It ditches the home button in favor of Face ID and sports a more vibrant OLED display that stretches across the entire front of the phone. It also costs more, with the 64GB version starting at $999 versus $699 for the lowest-end iPhone 8 and $799 for the iPhone 8 Plus. The newly designed iPhone can't come soon enough. More than two-thirds of Apple's sales come from its popular smartphone, but iPhone sales dropped for the first time last year. The overall smartphone market also has been slowing down.
The iPhone X may be the hottest device Apple has ever sold, Customers scooped up 25 percent more units in the first four days knitters vs the patriarchy iphone case of preorders than the previous record holder, the iPhone 6, according to data from Slice Intelligence, But supply is believed to be even lower than in years past, where eager iPhone fans had to wait about a month for a device, Currently, the wait for an online order is five to six weeks, Nov, 3 availability for the iPhone X disappeared almost as soon as preorders began Oct, 27..
Analysts asked Cook multiple times about how iPhone X preorders compared to the iPhone 8. The CEO brushed off the question each time, saying he was "not going to talk about mix."Still, Cook sought to alleviate some fears that people were seeking out older iPhones during the quarter instead of buying the iPhone 8. Apple's average selling price for iPhones during the quarter was $618 versus analysts' expectations for $638, which indicated it sold a lot of cheaper devices. Cook noted the iPhone 8 and 8 Plus "instantly became our two most popular iPhone models and have been every week since then." He also said he couldn't predict when Apple could make enough iPhone X models to meet demand.
"We're really happy that we're able to increase week by week what we're outputting," Cook said, "I can't predict at this point when that balance will happen."To get a sense of how the iPhone X will perform, analysts looked to Apple's forecast for the current first quarter, The period, which includes the key holiday season, is typically Apple's largest, Analysts expect Apple to sell 81 million iPhones in the period, according to Bernstein analyst Toni Sacconaghi, Apple's previous record was 78.3 million in the knitters vs the patriarchy iphone case first quarter of 2017..
"Apple's commentary on iPhone X availability and expected timeframe to achieve supply/demand balance, as well as on initial demand/orders will be critical," Sacconaghi noted. Apple said first-quarter revenue would jump to $84 billion to $87 billion, up from $78.4 billion a year earlier. That compared with analyst expectations for $85.31 billion, according to Yahoo Finance. Apple's net income rose to $10.7 billion, or $2.07 a share, from $9 billion, or $1.67 a share. Analysts had expected earnings of $1.87 a share, according to Yahoo Finance.
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