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KGI Reduces Its Prediction for iPhone X Shipments

Apple introduced its highly anticipated iPhone 8 few days earlier with solid specifications. While the iPhone 8 and 8 Plus are becoming available in a few days, Apple has announced its plan to start shipping its 10th anniversary iPhone X during the holiday season for whopping $999.

As of now, the shipments will start on November 3rd and when the analysts saw the date of shipments, they instantly changed their predictions related to forecasts for the shipments of the smartphone. Most recently, KGI security’s analyst Ming-chi Kuo revised his forecast regarding the iPhone X shipment as he predicted that due to later release date, the company will see 16 percent slide in shipments as he predicted 40 million iPhone X shipments down from 45-50 million.

However, he predicted that the company will experience a solid $49-52 billion revenue despite the drops in sales for iPhone X. the forecast isn’t surprising thanks to iPhone 8’s demand in the market. Interestingly, he predicted that if the production rates of iPhones continue in the fashion it has over last several years, then there will be shortage of iPhone X despite its predicted sales drop.

On the other hand, he said that he missed out on predicting calling and messaging functions and the reported battery life of the smartwatch might put off customers in the long run. We will have to wait to find out how iPhone 8 ships when it becomes available after a few days.

Featured Image: Pixabay/FranciscoFdez

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