Apple unveiled the iPhone 8 and iPhone 8 Plus in September alongside the high-end iPhone X. Some analysts believe the company is likely to focus more on the iPhone X, which looks radically different with an edge-to-edge display.
"We expect switcihing activity to escalate and the challengers to resume more aggressive share gains following the iPhone X launch", Jonathan Chaplin at New Street Research wrote on Thursday. In an Apple Store located in Hangzhou, China barricades and security guards had been placed to control what was expected to be a crowd-frenzy line up.
"The Street is hyper-sensitive to any speed bumps around this next iPhone cycle and (that) speaks to the knee-jerk reaction we are seeing in shares this morning", said Daniel Ives, chief strategy officer with investment research house GBH Insights in NY.
Considering that the iPhone 8 has only been around for about a month now, Cupertino has yet to release any figures regarding the sales of the phone.
Reports say that iPhone X might suffer delays and will be incredibly hard to come by when it's released later this year and even further into 2018. Equities analysts predict that Apple will post $9.01 earnings per share for the current year.
This is not the first time we are hearing about the Apple iPhone X's production woes.
The apps will give industrial operators more insight and visibility into the performance of their equipment and operations right from their iPhone or iPad. The iPhone 8 itself offers a wireless charging feature, which was a new feature from the previous generation iPhones. The company will start taking pre-orders on their new flagship smartphone next week.
Shipments of iPhone 8 and iPhone 8 Plus in November and December are expected to be slashed from 10 million to 12 million to five million to six million units per month.
Signs of poor demand for the iPhone 8 fueled more market questions over Apple Inc's double 2017 iPhone release strategy, sending its shares down as much as 2.6 percent on Thursday.