Publicado: Mier, Diciembre 27, 2017
Tecnología | By Milagro Delgado

Analysts lower iPhone X sales estimates for first quarter of 2018

Analysts lower iPhone X sales estimates for first quarter of 2018

Apple's first quarter earnings report will include some iPhone X sales, but it won't be until the March earnings report that we see sales figures for a full quarter.

Apple looks like it's having a not-so Merry Christmas. "Bad news here is that highly publicized and promoted X did not boost the global demand for iPhone X", Warren Capital wrote.

Sinolink Securities Co. analyst Zhang Bin said that Apple may ship only 35 million iPhone X units in the first quarter, 10 million less than his previous estimates.

The California-based company is facing new challenges from South Korea's Samsung Electronics, which is quickly recovering from the Galaxy Note 7's recall after fires.

The S&P 500 posted 39 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 79 new highs and 24 new lows.

For 2018, the company has been rumored to announce three brand new iPhones, with one of them being a bigger display version of the iPhone X, with rumors calling it the iPhone X Plus.

It also said Hon Hai Precision Industry's main iPhone X manufacturing hub in Zhengzhou, China, has stopped recruiting workers. Any further negative news on the iPhone X could potentially elicit downgrades and bearish notes from this group.

In a holiday-shortened week, the latest US economic data will arrive in the form of reports on the S&P Corelogic Case-Shiller home price index, consumer confidence, and pending home sales index, due Wednesday; international trade in goods, weekly jobless claims, and farm prices, due Thursday; and Chicago PMI, due Friday. Shenzhen Desay was little changed. Touch-screen maker General Interface Solution Holding plunged 8.4 per cent yesterday after slipping slightly on Monday. Some studies released earlier this year, however, suggest the iPhone X's price - which starts at $999 - didn't turn away early adopters. The analyst says that Apple has reduced orders for the device to its suppliers.

The Dow slipped as slides in shares of Apple and those of Goldman Sachs, down 2.6 percent and 1.1 percent respectively, outweighed gains in shares of Wal-Mart and those of Nike, recently up 1 percent and 0.8 percent respectively.

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