He and other analysts cut their iPhone sales estimates, and Apple stock is down almost 8 per cent in the past two weeks. SAN FRANCISCO—Apple Inc. earnings this week will confirm what most investors have finally accepted: The iPhone X didn’t live up to the hype. On Tuesday, Apple is expected to report fiscal second-quarter iPhone unit sales grew just over 2 per cent from a year earlier. “That lower-priced iPhone X, essentially, should be a successful product. That launch itself could move iPhone sales up 5 per cent a year,” said Gene Munster, co-founder of Loup Ventures and a longtime Apple analyst.

Source: thestar April 30, 2018 18:11 UTC