Posted on 01/29/2018 11:26:13 PM PST by fireman15
SAN FRANCISCO (AP) — Apple's stock is backtracking from its recent highs amid mounting concerns that iPhone X sales will fall short of the high hopes for a device that brought facial recognition technology and a $1,000 price tag to the company's flagship product line.
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. The shares lost $3.55 to close Monday at $167.96, translating into a nearly $60 billion loss in the company's market value since the stock last peaked.
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.
Apple didn't respond to a request for comment Monday.
(paragraph removed to fit maximum word limitation)
The iPhone X is unlike anything Apple has ever made in the product line's 10-year history. It features an OLED screen that spans from one edge of the device to the other and displays images in more vibrant colors. It also relies on technology that recognizes a user's face to unlock the device and animate emoji's.
Investors have been counting on the iPhone X to be a huge hit, despite its unprecedented starting price of $1,000.
(Excerpt) Read more at chron.com ...
It is a little suprising, but if anyone would know... it would be you. Currently basically every carrier and many of the MVNOs are selling various iPhones at heavily discounted prices. The most common is the BOGO (Buy One Get One Free) iPhone 8 deal
The most surprising deal to me was finding that until very recently Walmart’s Straight Talk was selling the iPhone SE without a contract for $129, now its up to $159.
https://www.walmart.com/ip/Straight-Talk-Apple-iPhone-SE-32GB-Prepaid-Smartphone-Gray/497984946
I had no idea that Apple was aggressively going after the lower end of the market. I guess I know what to get my technologically challenged father for his birthday.
I had the batteries on my 5 and 6 replaced. It was not difficult.
Highest selling price is the 256GB iPhone X: $1,149.00
Rollah coastah of cash, say what. ;^)
https://seekingalpha.com/article/4141444-apple-keep-calm-buy-dip
bkmk
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.