Saturday, 18 August, 2018

Apple results to reveal sales slowdown due to pricey iPhone X

Grady Vargas | 01 May, 2018, 09:31

While the 6.1-inch iPhone will miss out on OLED display and 3D touch, it will still retain the iPhone X bezel-less design and the infamous notch on the top. The reason? Kuo believes that Apple will be transitioning to a new type of display for its smartphones, and the new material set to be utilized would not be compatible with the feature. That would be the new iPhone X and iPhone X Plus.

Popular and uncannily reliable Apple analyst Ming-Chi Kuo has issued a rather grave prediction for the iPhone series of 2018. It is expected that Apple will show just 2 percent growth in smartphone sales compared to a year ago during the first quarter.

At the time, CEO Tim Cook said: "Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the USA economy".

It is important to note that the iPhone X provides features like a larger screen, animated emojis, and Face ID and has been priced at $999.

By expanding this scheme, Apple will attempt to convince investors that business is doing well amid claims that iPhone sales are beginning to decline. This is likely a result of the production process too, not just price.

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The bigger question now is whether Apple can keep ramping up revenue from other sources, most importantly its services division.

Apple recently sent employees a letter warning against leaking information-a memo that was ironically leaked to the media.

With iPhone sales supposedly slumping, Apple may have a hard time reaching its forecasted revenue target between $60 billion and $62 billion. Also, he adds that it will make up for 65-75 percent of the iPhone sales next year. Do you want to see it on future iPhones? Analysts are also looking for growth in Apple's Other Products unit, which includes the Apple Watch, AirPods and HomePod.

Rumours have also found its way to the mainstream suggesting that a "Lite" version of the iPhone X will be available. iPhone X being sold at a higher rate owing to its premium label will likely be succeeded by a more affordable version.

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