“What had been thought to be a ‘super cycle’ for the iPhone, writes Daryanani, is now a ‘super-long cycle’ as sales stretch out into coming quarters,” Ray reports. “Daryanani has an Outperform rating on Apple shares, and an $180 price target, takes his cue from recent rumors of further delays in the forthcoming iPhone X — analysts at Mizuho wrote last week that delays in production could dent the outlook for this quarter when Apple reports earnings on November 2nd.”
Ray reports, “Daryanani makes reference to a survey his firm commissioned earlier this month, which asked 4,196 individuals about their smartphone purchasing intentions. Among those who said they intend to buy an iPhone, ‘iPhone X was the most popular model among respondents of our survey with 28% of overall prospective buyers and 43% of prospective new generation iPhone buyers… looking to purchase an iPhone X.'”
Read more in the full article here.
MacDailyNews Take: The iPhone X shipping delays to come, we fear, are going to be a test of many a user’s patience. Not that most won’t wait – we’re perfectly happy with our iPhone 7 Plus units – but if shipping stretches into the realm of “over 6 weeks,” there’s going to be much bitching from unhappy campers.
Apple CEO Tim Cook: The ‘operations genius’ who never has enough products to sell at launch – October 23, 2017
Apple, Foxconn executives to meet amid iPhone X production strain; Facial recognition component issue persists, unlikely to be resolved soon – October 20, 2017
Ming-Chi Kuo: Apple will only have 2-3 million iPhone X units available at launch – October 20, 2017
You may not get your iPhone X until February or March 2018 – September 28, 2017
Apple’s latest iPhone X production woes blamed on Romeo and Juliet – September 27, 2017