“Apple zoomed to a new record on Tuesday as investors started to warm up to the revenue potential of the high-priced iPhone X,” Leia Klingel reports for Fox Business.
“The company is scheduled to release its latest quarterly results on Thursday, after the bell, and ahead of the earnings there have been concerns that weak phone sales could dent the company’s outlook,” Klingel reports. “This comes following negative reports regarding iPhone 8 sales and concerns that the $1,000 price tag would dent iPhone X demand.”
MacDailyNews Take: “Concerns” = bullshit from those attempting to short AAPL.
“Apple has not released official phone sales data, but it seems that people like the iPhone X, which the company hopes transfers into sales,” Klingel reports. “It is important that iPhone X is well received. There are concerns that the $1,000 price tag would scare some buyers off, while demand for the iPhone 8 appears to be anemic”
MacDailyNews Take: Yeah, we heard about those “concerns” the first time.
Klingel reports, “According to Thomson Reuters, analysts on average, expect Apple will earn $1.87 a share on revenue of $50.79 billion.”
Read more in the full article here.
MacDailyNews Take: Whenever Apple “notches” (wink, wink) a new all-time high, the “concerns” vapidly materialize. Think of such so-called concerns merely as pained bleats from those who’ve bet wrong.
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Forbes reviews Apple’s iPhone X: Opulent, gorgeous, classy; the best iPhone yet – October 31, 2017
CNBC reviews Apple’s iPhone X: ‘The best smartphone on the market’ – October 31, 2017