Apple to discontinue the first generation iPhone X this year

SEC FORM 4 - SEC.gov

(NASDAQ:AAPL) is going to be making some bit iPhone X component order cuts. Bears believe Apple's demand is falling back.

Kuo is a well-connected and highly-respected analyst with a proven track record.

If you're looking for evidence that the iPhone X has been a failure for Apple, you'll need to look at something other than Ming-Chi Kuo's report. Chinese consumers love phones with large screens. A source with a long history of successfully predicting Apple's movements has predicted that the iPhone X will be killed off in the summer - the first Apple-flavoured handset to die after a generation since the iPhone 5C. The tech giant tends to retain the previous years' flagship models as an affordable alternative to the latest iPhones. Right now Apple has the iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus, and iPhone X. Introducing the iPhone 9 this year is possible, but that sounds like a step backwards with the iPhone X (pronounced "ten") already on store shelves. A 6.1-inch iPhone with an LCD display would likely be more profitable than iPhone X at a reduced price.

"iPhone X would hurt product brand value and lineup of.new models if it continues to sell at a lower price after.new models launch", the research note from Kuo said, according to MacRumors. While the iPhone X does sport a 5.8-inch display, its actual surface area is less when compared to the 5.5-inch iPhone 8 Plus.

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It was released to mark the 10th anniversary of the first iPhone and is considered to be the most innovative mobile released in years.

Three new iPhones are expected to be launched in Autumn, two will come with OLED screens whilst the other will have a more conventional LCD screen. The iPhone maker reported $2.07 EPS for the quarter, beating the Zacks' consensus estimate of $1.87 by $0.20. Nomura set a $185.00 price objective on shares of Apple and gave the stock a buy rating in a research report on Monday, September 25th. The number, however, is much lower than the earlier projection that ranged somewhere between 20 to 30 million units.

On December 28, the company that the measure, not disclosed to iPhone users, was motivated to induce users to switch to newer models.

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