Notable Analyst Ming-Chi Kuo May No Longer Focus On Apple

Notable Analyst Ming-Chi Kuo May No Longer Focus On Apple

According to new messages, it might be better than the upcoming LCD iPhone to look like one of these Android clones.

While the 6.1-inch iPhone will miss out on OLED display and 3D touch, it will still retain the iPhone X bezel-less design and the infamous notch on the top. He and other analysts cut their iPhone sales estimates, and Apple shares where are down nearly 8 percent in the past two weeks. One of the phones is rumored to be an iPhone X upgrade while the other is said to be an affordable version.

Long kept his Market Perform rating and US$166 target price in play but dropped his full-year earnings per share estimate to US$10.55 from US$11.16. He also lowered his iPhone sales expectations for this year and next.

Apple's 3D Touch was added to its iPhones but not iPads, suggesting the company has been moving tentatively with the tech, rather than committing completely. Morgan Stanley analysts think demand for the iPhone X, 8 and 8 Plus to be "weaker ... ahead of September's expected new iPhone launch".

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Sources in Apple have confirmed that the company is disappointed by iPhone X sales to date.

Analyst predictions show that the average selling price of an iPhone during the second quarter of 2018 will be $740.

The problem for Apple is that the new technology will raise the cost of the screens by as much as $26, the report says, so Apple may have to cut 3D Touch from the phone to cut the overall cost of the device. That made it hard to price the product much below $1,395, without slicing Apple's legendary profitability. That could bring the price close to $700, a level that's proven successful for many years.

The 6.1-inch SE2 will be very similar to the original iPhone SE and will even keep the 3.5mm headphone jack that Apple removed to an uproar in 2016.

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