Apple's iPhone X could reach 'end of life' in 2018

Mindy Sparks
January 23, 2018

But according to a consumer survey from the Consumer Intelligence Research Partners, iPhone 8 and iPhone X models only accounted for 61% of iPhone sales in the U.S. a year ago.

Kuo, through his near accurate predictions about Apple devices in the past, has garnered a seer like reputation.

In other news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction on Wednesday, November 22nd.

Apple is scheduled to report earnings for the three months ending December 31 on February 1.

The report also highlighted that the Apple iPhone SE, iPhone 6S, iPhone 7 and iPhone 8 models also shipped well in Q4 2017.

Low demand apart, Kuo also claims that offering the Apple iPhone X at a discount this year was likely to eat into the sales of this year's upcoming iPhones.

When Apple CEO Tim Cook unveiled the iPhone X previous year, he touted it as the device that would "set the path of technology for the next decade". The device eliminates the home button and Touch ID in favor of front sensors that support facial recognition for security.

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. 9to5Mac attributed part of that to the fact that the iPhone X arrived later than usual. Bank of America reaffirmed a "buy" rating and set a $180.00 price objective on shares of Apple in a research note on Tuesday, September 26th.

Apple iPhone X saw shipments hit 29 million the fourth quarter of 2017, according to a release by research firm Canalys.

A number of other institutional investors have also recently made changes to their positions in AAPL. In comparison, the iPhone 7 models, when new, held a 71% share of iPhone sales in 2016.

"This means half of iPhones sold in the quarter had screen sizes larger than 4.7-inches, the largest ever share", 9to5Mac reported. It also highlighted that older generation iPhones are still popular with users looking for value for money iPhone. Apple's quarterly revenue was up 12.2% on a year-over-year basis. The company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion.

Other reports by Iphone Fresh

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