Apple Stock News: Shortage Of IPhone X For Preorder

Apple Stock News

For the latest Apple Stock News, AAPL closed at $156.25 per share on October 20th, 2017. It generated a profit of 0.17% from its previous close on October 19th, 2017, when it closed at $155.98 per share.

Apple’s new iPhone X preorder starts next week on October 27th, 2017. According to KGI Securities analyst Ming-Chi Kuo, Apple will have only 2 to 3 million units available to purchase.

It seems that those numbers are not enough to meet demand. From previous first-weekend sales, Apple sold 9 million iPhone 5s/5c units , 10 million iPhone 6 and 13 million units of iPhone 6s. Moreover, iPhone 6 and 6 Plus gathered over 4 million preorders in its first 24 hours. Consequently, Apple’s iPhone X short supply might disappoint many buyers.

Kuo believes that the new features present in the iPhone X will lead to a supply constraint. According to him, Apple changed its average circuit board to a flexible printed circuit board for the new camera, which resulted in a problem for Apple to find a supplier for it. The radical redesign that Apple planned for its newest product may be triggering its supply crunch.

Nevertheless, KGI analyst expects that production will increase significantly in November.

Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state-of-the-art algorithm click here.

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