The Apple iPhone X is "dead" says brokerage firm analyst

iPhone sales to be “surprising magnitude” worse than feared, analysts fear

Apple shares dropped by more than 4% today amid word that iPhone sales for the current June quarter may check in significantly lower than anticipated.

Rumors of Apple developing iPhone SE 2, the successor of iPhone SE, have been going around the internet for quite a while now.

Campling further adds that Apple is expected bring out a number of new iPhones for its 2018 lineup.

In may of this year, Apple will introduce iPhone 2 SE. After this, Apple would no longer cell any version of iPhone with a headphone jack. This will make space for the topmost phone which will be the 6.5-inch iPhone X Plus and it will be priced just under $1,000. If reports are to be believed, with iPhone 6s & iPhone 6s Plus will be assumed to be discontinued in the month of September.

Apple has a bit of a problem with its iPhone.

Apple fell 3.9% Friday and is now down more than 6% since Wednesday, while other big tech companies - Facebook, Amazon.com, Netflix and Alphabet - are higher.




Of course Apple watchers have heard these doom-and-gloom stories many times before, sometimes involving other products which turned out to be doing OK. Moreover, an iPhone which will keep the iPhone X form factor but will come with a cheaper price tag is also on the cards as per the analyst. Not surprisingly, only iterative changes are expected for the entry-level model, which has previously been used to help Apple's sales in developing countries such as India. Apple now has an average rating of "Buy" and an average price target of $203.15.

Apple's iPhone X came under a lot of scrutiny after it was released as the phone was thought to be quite expensive. There will be a Touch ID feature underneath the display as mentioned above. The global smartphone market is contracting.

But no, I don't think it's likely at all that Apple would ditch the X this summer.

Everything about this phone, from its mix of aluminum and glass, to the clean look of the new home button, to the location of the volume and power buttons, to its size in the hand, was pretty much ideal.

The production of the OLED screens for the next generation Apple iPhone will be starting from the next month. Piper Jaffray Companies reissued an "overweight" rating and issued a $155.00 price objective on shares of Apple in a research note on Tuesday, January 24th.

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