• This Analyst Thinks Apple's Super-Expensive iPhone X Will Be ‘Dead' in Months

    1 month ago - By Fortune

    Apple's iPhone X continues to perform poorly on store shelves and will reportedly be discontinued this year, according to one analyst.
    Mirabaud Securities analyst Neil Campling said Apple's high-end cellphone “is too expensive” during a CNBC interview on Friday. He added consumers are increasingly buying cheaper products, leaving the $999 iPhone X on store shelves. He expects Apple to discontinue iPhone X production and sell off the remaining units in its supply chain before new Apple cellphones are unveiled later this year.
    Campling's comments come after he wrote in a note to investors...
    Read more ...

     

  • Apple is slipping after Morgan Stanley said iPhone demand is dwindling

    Apple is slipping after Morgan Stanley said iPhone demand is dwindling

    1 month ago - By Business Insider

    Apple is slipping after Morgan Stanley analyst Katy L. Huberty downgraded the stock, citing weakening demand in China.
    The smartphone market at large may be seeing a drop in demand, as Taiwan Semiconductor reported a weak sales outlook Thursday.
    And LG Display, a smartphone screen maker, is having manufacturing problems and isn't producing enough screens.
    Watch Apple stock in real time here.
    Apple shares are falling Friday, dropping more than 3% to an intraday low of $166.74.
    That's after Morgan Stanley analyst Katy L. Huberty downgraded the stock, citing softer iPhone demand in China...
    Read more ...