iPhone X Anticipation Will Result in ‘Lower Than Expected’ iPhone 8 Pre-Orders, Claims Analyst
It will take a while before Apple officially announces the iPhone X, which is priced at an exorbitant $999. The iPhone 8 and iPhone 8 Plus aren’t that cheap either, coming in at $699 and $799, respectively. With millions of users under anticipation of the edge-to-edge smartphone, an analyst believes that the remaining two models’ pre-order tally might suffer considerably.
KGI Securities Analyst Believes That Market Will Be Conservative Towards iPhone 8 Due to Hype Created by the iPhone X
According to Ming-Chi Kuo of KGI Securities, several customers are awaiting the arrival of the iPhone X and possibly due to its unique design and sudden shift from the usual and dry chassis that we’ve seen for years on the iPhone 8 and iPhone 8 Plus, there is strong demand for the 5.8-inch flagship. However, that demand will definitely come at a price for the company.
“Historically, it takes 3-6 weeks or more to ship new iPhone models after they are available for preorder, due to initial tight supply and robust demand. However, our latest review indicates it will take less than 1-2 weeks for the iPhone 8. We believe this is because there is a strong likelihood that iPhone X demand will cannibalize iPhone 8 pre-orders.”
Though pre-orders continue to take place, the popularity of the iPhone 8 and iPhone 8 Plus might die down considerably when the iPhone X is available to purchase. Unfortunately, that might be a long time from now because the new handset’s pre-order session will start from October 27 and officially launch on November 3.
Do you think Apple’s fourth quarter financial results might suffer due to decreased iPhone 8 and iPhone 8 Plus demand? Tell us your thoughts down in the comments.
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News Source: MacRumors