The first customers to buy the iPhone X hold it aloft during the global launch of the new Apple product in central Sydney, Australia, November 3, 2017. The Cupertino, California-based company also forecast a strong holiday quarter ahead, which will include the iPhone X that started selling on November 3. “We see iPhone X unlocking pent-up iPhone upgrades, especially in China, driving more than 20% iPhone unit growth and a revenue and earnings beat in 2018,” analyst Katy Huberty on Morgan Stanley said. The company will make 30 million iPhone X units during the current quarter, Nomura Instinet analysts estimated, allaying production worries related to the glass-and-steel $999 phone. Drexel Hamilton's Brian White is still the most bullish among Apple analysts tracked by Thomson Reuters, raising his target price further to $235.

Source: The Hindu November 03, 2017 13:58 UTC