Apple to discontinue the first generation iPhone X this year

Apple to discontinue the first generation iPhone X this year”

This year expectations are tempered by some of the bearish forecasts coming out, although Apple said in late October that demand for the iPhone X was "off the charts".

"Tougher ASP [average selling price] comps and the lack of a volume "supercycle" with the iPhone X will leave it hard to build conviction in future cycles", Cordwell wrote.

Kuo shared his belief in the possibility of Apple enjoying a profitable end of the year with a 10% growth with the outgoing iPhone X being replaced with 3 new models based on the X's functionalities. Boasting an edge-to-edge screen, the iPhone X comes with a FaceID sensor, a 5.8-inch Super Retina display, A11 Bionic chip, dual rear cameras, 7-megapixel front camera and more.

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There is hope on the horizon however, iPhone X fans. UBS Group reaffirmed a "buy" rating and set a $180.00 price target on shares of Apple in a research report on Tuesday, September 12th.

Mr Kuo believes that instead of the iPhone X becoming a cheaper model, an iPhone X Plus model will debut instead, ultimately meaning the demise of its original incarnation. Apple may have plans to drop the "X" moniker, and do away with the rest of the iPhone numbering system, too.

Well, after a long hype of Apple's legendary iPhone X, it was released and made available to consumers in November 2017. Apple's iPhone X will be the first previous year model that might not be retained in 2018. That's something we've seen with the iPhone 7, for example, when the iPhone 8 was released. Accern also gave news coverage about the iPhone maker an impact score of 46.2034208215665 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future. The news was revealed by the popular Analyst Ming Chi-Kuo. The OLED supply chain is still ramping up capacity to accommodate Apple's volumes for iPhone X. With Apple expected to launch two OLED-equipped models later this year, up from just one OLED-equipped iPhone in 2017, the company is already going to need significantly more OLED panels. He says iPhone X production will wrap up in 2018, and sales may be lower than initially anticipated.

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