Haberler      English      العربية      Pусский      Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 24/09/2017 07:52 
14.09.2017 01:43 News >> Investors Fret About İphone X Release Date

Investors Fret About İphone X Release Date

Apple shares close down for second consecutive day after new flagship smartphone unveiled.

Shares of Apple dipped Wednesday as investors worried about how consumers will receive its new flagship phone.

Apple stock ended the day at $159.65, down 0.75 percent from Tuesday, when the iPhone X, pronounced iPhone 10, and iPhone 8 were announced. It was the second straight day of sluggishness for the stock that began to tumble soon after the new phones were unveiled.

CEO Tim Cook called the iPhone X "the future of the smartphone". The phone features no buttons, a screen that stretches from edge-to-edge and facial recognition software.

Early reviews are good but it appears much of investors' trepidation is due to its release date. The iPhone X will not be available in stores until Nov. 3, when it will debut in more than 50 countries.

For the past 10 years, most iPhones were available in late September or early October. Analysts noted the late release date of the iPhone X could negatively affect sales in the usually bountiful fiscal quarter during the holidays.

Some market researchers such as KGI Securities said this week it appears the innovative technology needed for the iPhone X is causing delays in Apple's supply chain.

Apple did not respond to an Anadolu Agecny's request for comment about why the iPhone X will be released in November.

Apple also unveiled the iPhone 8 and iPhone 8 Plus, which are very similar to the iPhone 7, as well as new versions of the Apple Watch and Apple TV. Even though the iPhone 8 will be available in 27 countries Sept. 22, the other products have apparently not alleviated Wall Street's worries about iPhone X sales.

With a starting price of $999, the iPhone X will also be the most expensive iPhone ever, another point of concern for investors.

"We were positively surprised by the Apple Watch's functionality and the price increase on the iPhone 8 and 8 Plus but were disappointed by the lack of incremental functionality in the iPhone X to justify the $999 price point," Andy Hargreaves, an analyst at KeyBlanc Capital Markets, said in a note. -



        Latest News
U.S., N. Korea Take Brinkmanship Up A Level 27 minutes ago...
American bombers fly close to North Korea as Pyongyang warns of preventive military action.
Un Rights Council Adopts Manila's Rights Report Card 12 minutes ago...
Philippines claims 'big victory' on UN member states'extrajudicial killings recommendations.
Un Rights Council Adopts Manila's Rights Report Card 27 minutes ago...
Philippines claims 'big victory' on UN member states'extrajudicial killings recommendations.
Us: Trump Met With Backlash After Attacking Athletes 12 minutes ago...
American president's swipes at NFL star Kaepernick, NBA superstar Curry stokes fierce response on social media.
Philippines Seek Un "Benefit Of The Doubt" On Drug War 42 minutes ago...
Foreign Minister Alan Peter Cayetano said the country, being a sovereign nation, expects respects from the United Nations.

 
      Top News
Philippines Seek Un Philippines Seek Un "Benefit Of The Doubt" On Drug War
Turkish Defense Minister Urges Krg To Call Off Poll Turkish Defense Minister Urges Krg To Call Off Poll
Us: Republican Health Care Bill Dealt Major Blow Us: Republican Health Care Bill Dealt Major Blow
Iraqi Movement Urges Kurds To Vote No İn Referendum Iraqi Movement Urges Kurds To Vote No İn Referendum
Istanbul Mayor Announces Resignation Istanbul Mayor Announces Resignation
Turkcell Named 'Sustainable Development Goal' Pioneer Turkcell Named 'Sustainable Development Goal' Pioneer
Thousands Flee As Tremors Shake Indonesian Volcano Thousands Flee As Tremors Shake Indonesian Volcano
World Refugee Deaths Top 4,000 For 4Th Straight Year World Refugee Deaths Top 4,000 For 4Th Straight Year
Erdogan Meets Top US Executives, İnvestors Erdogan Meets Top US Executives, İnvestors
4 PKK Terrorists Killed İn Turkey's Hakkari Province 4 PKK Terrorists Killed İn Turkey's Hakkari Province