Yield rates for iPhone X components improving

First iPhone X batch reportedly contains only 46500 units
		
      Posted By Miranda Schneider

In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the company's stock in a transaction that occurred on Thursday, October 5th.

Reduced sales for the latest iPhone have also been reported by human rights group China Labor Watch, which claims that factories are laying off workers as a result of poor iPhone 8 sales.

The iPhone 7 now starts at $549, and the iPhone 8 starts at $699 - about $150 difference.

There is one more reason behind this outselling of iPhone 8 by iPhone 8 Plus and, i.e. iPhone X will cost $1,149 for 256GB variant and $999 for 64GB variant which is too expensive to buy for many.

A Reddit thread for hardcore Apple fans reveals that even diehards are hesitant to buy the iPhone X at its current price, and some are even outraged and dismayed that Apple would be so bold as to charge a thousand dollars. Reports suggest that iPhone X will be short in supply until next year so customers will have to act fast if they want to get their hands on the highly hyped device.

In related news, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction that occurred on Monday, August 7th.

Last week, US-based carriers revealed third-quarter postpaid handset upgrades had dropped by almost 900,000 compared to previous year - a decrease brokerage Jefferies states is caused by poor iPhone 8 demand. Vinh said the lukewarm iPhone 8 sales were "modestly worrisome".

The company is also checking the pre-release demand of the iPhone X, which is its tenth anniversary device and the most premium device from the company till date.

Drexel Hamilton Analyst, Brian White, has described demand for the new 8 series of iPhones as "muted", following discussions with Chinese & Taiwan tech industry contacts. KeyCorp raised shares of Apple from a "sector weight" rating to an "overweight" rating and boosted their target price for the company from $173.75 to $187.00 in a research note on Monday. UBS AG restated a "buy" rating and issued a $170.00 target price on shares of Apple in a report on Friday, June 23rd. As for the iPhone X, it is a glass and stainless steel product with a seamless display screen. It is jam-packed with exciting new features such as augmented reality, animoji, FaceID facial recognition system, an A11 chipset, and more.

A DigiTimes report Tuesday, citing supply chain sources, said the yield rate for iPhone X has been substantially improving, and shipments of the smartphones are expected to grow, starting next month. The rest of the orders won't be delivered until early 2018.

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