iPhone X initial sales didn’t meet expectations, Wall Street analyst

Avatar Written by Sajeel Syed · 1 min read>
Tim Cook

The most astonishing gadget by the Cupertino based tech giant Apple, iPhone X has been a remarkable device that has broken all pre-order records. However, the new report by an analyst from Wall Street tells a different story. As soon as the prebooking for the iPhone ended, the device is unable to meet the expectations of the company in the initial sales.

According to Karl Ackerman, an analyst from the Wall Street securities house of Cowen $ Co, Apple’s iPhone 8, iPhone 8 Plus, and iPhone X are not achieving the desired target in terms of sales. These three newly launched models of 2017 have shown a regular figure in terms sales while compared to the last years’ iPhone 7, which is still outselling iPhone 8.

Ackerman reveals a surprising fact as he says,

“Apple iPhone X has been below initial expectations as users appear to have gravitated toward the previous iPhone models.”

Although Apple’s 2017 flagship models are selling adequately yet the sales are not enough to say that Apple has started its long bull run. These decreased sales could ruin the Apple’s vision to be a trillion-dollar company.

According to Ackerman, the last quarter of this year which will end in this month, Apple is estimated to ship 90 million iPhone units. That figure is slightly greater than during the last year’s same period of time i.e. 78.29 million units. For the next years first quarter, the analyst predicts to see the Apple’s smartphone shipments to 56 million, which will be somehow greater than 51.2 million of last quarter’s same period of time.

Apple is all set to announce iPhone shipments during the current quarter on January 30th, 2018. Though the new phones model didn’t succeed as expected, yet the combined sales of all iPhones may set new record shipments.

Written by Sajeel Syed
I am a writer at TechJuice, overseeing IT, Telecom, Cryptocurrency, and other tech-related features here. When I'm not working, I spend some of my time with good old Xbox 360 and the rest in social activism.Follow me on Twitter: Profile