Apple iPhone X Delay Is OK, 8 'Not A Dud'

KGI Securities analyst Ming-Chi Kuo wrote in a note to investors on Friday (Oct. 20) that Apple will only have between 2 million and 3 million iPhone X units available in time for the smartphone's November 3 launch. "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".

Keep in mind that White's Apple Monitor sales, an index which tracks sales of nine "important" publicly-traded Apple suppliers based in Taiwan, saw a 49% quarterly surge in the third quarter, a far improvement from the usual 20% climb for a September quarter when looking at the last 12 years.

However, Kuo also said that the "worst is behind us", according to MacRumors, and he believes Apple is now producing iPhone X units at a much more rapid clip.

The iPhone X-pronounced iPhone 10-will be Apple's most expensive ever iPhone, with the entry model costing $999. He attributes it mainly to a shortage of three different components with the production of certain circuit boards being the biggest hurdle.

That lack of demand for the iPhone 8 and widespread demand for the iPhone X might prove to be a problem for Apple.

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Earlier, the TrueDepth camera was indicated as the source of the troubles, but analyst firm KGI reports this issue has been solved (it was the dot projector that caused headaches).

Apple was up 0.9% despite news that production estimates for the iPhone X may need to be pushed forward.

Kuo also points to a wide-angle camera module that also is seeing a supply shortage. Since its unveiling, the iPhone X has become a hot topic, with consumers even ignoring the iPhone 8 and iPhone 8 Plus that launched last month in anticipation of the iPhone X's release.

Kuo believes shipments of iPhone X could show 50% quarter-over-quarter growth in the first quarter of 2018. Equities analysts expect that Apple will post $9.01 earnings per share for the current fiscal year. "We would be aggressive buyers of the stock with the iPhone X cycle kicking off next Friday with pre-orders".

The market is bullish on Apple's 2018 iPhone sales performance, and it is understood that Apple will still launch its new iPhone X next year, and be divided into higher-order and lower-order products, the name of the higher-order version of the industry called "Lisbon", the lower-order product code is "Hangzhou".