iPhone X Is No Longer Critical to Apple’s Holiday Shopping Quarter Results

Tech News

In years past, demand for Apple‘s latest flagship phone was critical to the company’s results over the holiday shopping quarter.

That dynamic might be changing, however, as Apple’s widening lineup of devices and services more than makes up for any tepidness in demand this quarter for its lead product, the $999 (roughly Rs. 64,000) iPhone X.

On Tuesday, Apple’s stock fell 2.5 percent to $170.57 (roughly Rs. 10,900) after Taiwan’s Economic Daily and several analysts suggested iPhone X sales in the fiscal first quarter would be 30 million units, 20 million fewer than initially planned by the company.

The cut in the forecast was not confirmed, and the stock regained ground on Thursday, hitting $171.82 (roughly Rs.

This article was sourced from Gadgets360

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