Apple investors express concern as iPhone sales stall

01 May, 2018, 04:56 | Author: Earnest Huff
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Investors now fear that iPhone X sales are falling, if not quite leaping, off a cliff.

Apple's iPhone X is the company's latest top-of-the-range smartphone, and features facial recognition, an OLED display, and a high price tag.

It is expected that Apple will show just 2 percent growth in smartphone sales compared to a year ago during the first quarter.

KGI's former analyst Ming-Chi Kuo said this new display technology - dubbed a Cover Glass Sensor or CGS - means cracking and shattering the phone screen is less likely, but he predicted it will not come out until Apple's 2019 phone releases. According to everything we've seen so far, iPhone X sales will turn out to be decidedly meh, and the real success story of the year is the iPhone 8 and iPhone 7.

Other products speculated by Kuo based on his supply chain sources include the 10.5-inch iPad Pro, Apple Watch Series 2 with GPS, Apple Pencil, 12-inch MacBook, MacBook Pro with Touch Bar, iPhone SE and much more. Then the demand for the iPhone X has decreased significantly.

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Some analysts blame the $999 iPhone X. Not even Apple can avoid the drop in sales before the announcement of a new lineup of devices given its predictable release cycle.

Oppenheimer analyst Andrew Uerkwitz cut his sales and earnings estimates for Apple for the next two years. Apple Music, iCloud, and the App Store have all been quietly increasing revenue, to the point that Wall Street is expecting $8.4 billion in services revenue, according to the Thomson Reuters consensus.

"This would imply Apple repurchases $210 billion in shares and pays $52 billion in dividends over the next three years", the bank said in a recent note to clients, adding that this would still leave about $30billion available for acquisitions.

The new, lower-cost iPhone will use an LCD display that's about half the cost of the OLED screen in the iPhone X. It's also likely to use an aluminium casing versus stainless steel. There are little details on this technology and the changes that Apple will make for its next devices but it sounds like the 3D Touch feature won't be around for long. "Apple-certified screen repairs are performed by trusted experts who use geniune Apple parts", the iOS 11.3.1 note continues.



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