![]() "Investor optimism will rise going into the summer as anticipation grows ahead of 3 new iPhones in the fall." "The Apple story is intact," Gene Munster, an Apple analyst and managing partner at Loup Ventures, wrote in a note last week. ahead of September's expected new iPhone launch."Īs we get closer to the next big launch event, however, investors will likely stop caring as much about the iPhone X and turn their focus to what comes next. Morgan Stanley analysts think demand for the iPhone X, 8 and 8 Plus to be "weaker. Investors will also be looking closely at Apple's forecast for sales in the upcoming quarter. While growth in the number of iPhones sold could be more anemic than investors had hoped, Apple's sales are still expected to increase 15% to about $61 billion, fueled in large part by the higher price of the iPhone X. The consensus estimate among analysts is for Apple to have sold 53 million iPhones for the quarter ending in March, up only slightly from the 50.8 million iPhones sold in the same period a year earlier. Mark Moskowitz, an analyst with Barclays, wrote in an investor note Monday that the iPhone X's "price point was too high and likely alienated many users." Instead, analysts fearApple missed the mark by launching one redesigned model that is too expensive and two other new devices, the iPhone 8 and 8 Plus, that essentially look the same as older models. The new model, with a full bleed screen and facial recognition, was once viewed by investors as key to driving customers to upgrade their smartphones. ![]() Related: Amazon made Prime indispensable - here's how ![]() Daniel Ives, an analyst with GBH Insights, wrote in an investor note last week that Wall Street was in "full panic mode" over iPhone sales ahead of Apple's earnings report. ![]()
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