Apple shares fell last week after reports of iPhone X production delays and weak sales of iPhone 8 models (Express) Apple shares fell last week after reports of iPhone X production delays and weak sales of iPhone 8 models (Express)Days before Apple Inc’s much-awaited iPhone X opens for preorders, a survey by brokerage Bernstein showed that demand for the device will be substantial, but not exceptional, with about a quarter of the respondents planning to buy the phone. Apple shares fell last week after reports of iPhone X production delays and weak sales of iPhone 8 models. “The excitement surrounding the iPhone X appears to be magnitudes higher than actual purchase intent – 48 percent of respondents agreed/strongly agreed that they were ‘excited for the iPhone X,'” Bernstein said, citing a survey of 1,112 iPhone owners in the United States, UK and China. Apple launched iPhone 8 and 8 Plus last month amid muted reception as fans awaited the iPhone X, and a survey by broker KeyBanc Capital Markets had pointed out that older iPhone 7 models outsold iPhone 8. While it was doubtful how many iPhone users will upgrade to the $999 iPhone X, an overwhelming majority will still choose an Apple device, according to the survey.

Source: Indian Express October 24, 2017 06:26 UTC