Sinolink said it expects the model's price would dampen consumer enthusiasm for the product, adding that slow production rates could also hinder sales. The average revenue per user is higher for iPhone X than lower-priced models.
Moreover, the KGI analyst also said that iPhone users in China have opted to keep their phones because of some notable reasons.
There's clearly a lot riding on the one-two punch of the iPhone 8 and iPhone X, as smartphones continue to account for more than half of Apple's revenue and likely an even thicker slice of its earnings.
Apple shares have risen for eight of the past nine years, a scintillating 17-bagger along the way.
Citizens United for Consumer Sovereignty (CUCS), a civil group based in Seoul, filed a criminal complaint against Apple's CEO Tim Cook and the tech giant's Korea chief Daniel Dicicco last week, according to the Korea Herald newspaper.
Ed Sheeran gets engaged to fiance Cherry Seaborn
OVER the past couple of years, the relationship between old school friends Cherry Seaborn and Ed Sheeran has blossomed. Sheeran and Seaborn, a consultant from Sheeran's native Suffolk, U.K., have been dating since 2015.
As previous reports suggested, Apple is geared to release three new smartphone variants this year. The iPhone 6s Plus features the A9 SoC with a 64-bit dual-core 1.84GHz CPU, and the PowerVR GT7600 GPU. It's just doing exactly what Tim Cook said it was meant to do: Lay the groundwork for the iPhone for the next 10 years.
Offering iPhone X at a lower price point could be "negative to product brand value", in Kuo's view.
When the newest phones get old, they often get cheaper. Having received a price cut in September a year ago, the iPhone 7 series and iPhone 6 series phones have been and around the world. Do you guys think Apple will drop the iPhone X entirely, rather than selling it for a reduced price? Analysts believe Apple will fail to hit original sales estimates of 50 million units in the first quarter. The company has increasingly been the focus of bearish analyst reports amid concerns that iPhone demand is weakening.
It will be interesting to see whether this latest KGI Securities news is correct. The market was anxious that the phone's high price would weaken the demand once the euphoria was over. We estimate these cuts could be between 2-5 million units for the March quarter.