Speculation about disappointing demand for the iPhone X have been swirling for the past week, contributing to a 6 percent decline in Apple's stock since it hit an all-time high of $180.10 on Jan. 18. Concrete evidence of how the iPhone X is faring should emerge Thursday when Apple is scheduled to release its fiscal first-quarter earnings. The period spans from October through December, covering the early November release of the iPhone X and the holiday shopping season that typically brings Apple's biggest iPhone sales of the year. Investors have been counting on the iPhone X to be a huge hit, despite its unprecedented starting price of $1,000. Neither of those phones has the fancier display screen or facial recognition technology featured in the iPhone X.

Source: ABC News January 29, 2018 16:29 UTC