Demand for iPhone X could hit 40 to 50 million units
KGI Securities analyst Ming-Chi Kuo believes demand for the iPhone X is higher than expected.
Following his report last week on the iPhone X cannibalizing the pre-orders of the iPhone 8 and 8 Plus, KGI Securities analyst Ming-Chi Kuo issued a new note to investors today stating that the demand for the iPhone X is likely to be higher than expected. Kuo predicts the pre-order demand could surpass 40 to 50 million units.
Despite the eXpensive price tag, Kuo claims that hardcore fans and iPhone 6/6Plus users are willing to pay to get the iPhone X which is seen as the first model refresh since 2014. However, the main hurdle in the production of the iPhone X is the TrueDepth camera. The integration of several sensors makes it harder for Apple to achieve mass production. Kuo estimates that production will only increase significantly in mid or late October, leading to a tight supply through the first half of 2018.
The iPhone X will be available for pre-order on 27 October and hit retail shelves on 3 November.
Source: StreetInsider via 9to5Mac
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