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.
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