Published: Fri, October 20, 2017
Hi-Tech | By Merle Christensen

More people are buying Apple iPhone 7 than iPhone 8 - here's why

More people are buying Apple iPhone 7 than iPhone 8 - here's why

Apple shares fell 2.3 percent following the news at the market's open in response.

Apple shares fells 2.8 percent in early Thursday trading after reports out of Taiwan that the tech giant has slashed orders for the iPhone 8 and 8 Plus by almost 50 percent for the rest of the year. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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.

Early adaptors appear to be taking a wait-and-see approach to the iPhone 8, which rolled into stores in late September, just weeks ahead of the game-changing iPhone X.

Apple is having some problems manufacturing the iPhone X. And also a source from Taiwan claims that Apple has reduced orders for both the iPhone 8 and iPhone 8 Plus by 50% for November and December - not good news for Christmas shopping.

Described as overpriced and lacking new features retailers and carriers in Australia who were banking on increased demand for the new iPhone 8, have now cut back their second and third quarter revenue forecasts.

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"While carriers continue to offer promotions for the new iPhone 8, they have been much more modest compared with those for the iPhone 7 launch past year", he wrote.

"Many respondents indicated that a meaningful portion of customers are buying iPhone 7 in lieu of the new iPhone 8, given the lack of significant enhancements in the new phone", Vinh wrote in a client note obtained by Reuters earlier this week.

A picture paints a thousand words, or so the maxim goes, but in the case of the iPhone X its paints an ugly picture of Apple's previous smartphones.

"These images show Steve Jobs Theater like we've never seen it before, and they also focus on part of the staging area where iPhone X demos were held".

Apple has released two tiers of iPhones at once before. "A new price point is also implemented to reflect the flagship nature of iPhone X".

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