iPhone X sales upset suppliers

iPhone X sales upset suppliers

The Taiwanese Economic Daily business paper, citing anonymous sources, claims Apple's iPhone X is lower than expected. Apple will therefore lower sales forecasts for the first quarter of 2018 from 50 million to 30 million units, Reuters news agency quoted. Some analysts also write [...]

The Taiwanese Economic Daily business paper, citing anonymous sources, claims Apple's iPhone X is lower than expected.

Apple will therefore lower sales forecasts for the first quarter of 2018 from 50 million to 30 million units, Reuters news agency quoted. Some analysts also write about disappointing sales figures. American consultant JL Warren even expects only 25 million sales for the first quarter.

iPhone Critical
So far Apple has not commented on global sales. Critics complain that the X iPhone is too expensive and does not offer enough innovation. Apple suppliers such as Genius Electronic Optical Co Ltd lost in stock exchanges in recent days. Pegasus and Foxcon also had to watch for Christmas at the fall of their prices. On Chinese social networks, according to Reuters, the interest in the latest iPhone is also lower than in previous models, broadcasts news.

Apple's chief Tim Cook said on a trip to China this month that he was very pleased with sales figures in the Middle Kingdom. However, analysts are also seeing a positive development: Chicago-based loop Capital has increased the forecast of the first quarter of 30 to 35 million equipment sold between 40 million and 45 million. Apple shares increased more than 50 per cent last year, but Apple's share price also dropped 2.8 per cent, according to sales reports in stagnation.

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