Apple has a huge iPhone 8 problem

Lynne Hanson
October 20, 2017

Apple (NASDAQ AAPL) traded down 2.82% during mid-day trading on Tuesday, reaching $155.26.

As a result, shares in the US Company dropped 2.4% overnight after it was revealed that the Company had cut 50% of their component requirements for the new iPhone 8 and 8 Plus.

There is also no certainty that the $1,856 iPhone X, which goes on sale November 8, and features an all-new design with an edge-to-edge OLED screen and revolutionary facial recognition technology will be the success that Apple anticipated.

Predix is an IoT operating system that GE introduced a year ago, similar in function to a phone or laptop operating system but able to manage much higher volumes of data ("hyperscale") from multiple sources, securely.

Multiple reports have pointed to production bottlenecks created by the iPhone X's TrueDepth camera, sharply constraining output.

"Many respondents indicated that a meaningful portion of customers are buying iPhone 7 in lieu of the new iPhone 8, given the lack of significant enhancements in the new phone", Vinh wrote in a client note obtained by Reuters earlier this week. Meanwhile, other Wall Street analysts downplayed Apple's move to cut back on iPhone 8 production, saying the device's production overall looks like what they had anticipated.

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Reports about low demand for the iPhone 8 were backed up by the fact that lines were shorter outside stores.

According to a new report published by Reuters, more people in the us are buying the 2016 Apple iPhone 7 as compared to the new iPhone 8, which was unveiled in September. Many analysts, including highly respected Apple supply chain source Ming-Chi Kuo, believe the X's release will kick off a "super cycle" of upgrades, which could encourage consumers who aren't ready to spend $999-plus to pick up an 8 instead. The iPhone X will be Apple's first iPhone to have an edge to edge screen and will not have a home button.

iPhone 8 and iPhone 8 Plus are arguably far less exciting than the iPhone X.

A picture paints a thousand words, or so the maxim goes, but in the case of the iPhone X its paints an ugly picture of Apple's previous smartphones.

Apple has released two tiers of iPhones at once before.

Other reports by TheDailyFarc

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