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Apple stock down on early reports of weak iPhone X demand

28 December 2017

Apple's stocks are one of the highest performing in the large-cap stock market this year and its shares have rallied 51 percent through Friday and while Apple themselves have not commented on the sudden opinion in the price change factor, but the company will likely reduce the price through offers later on.

Recent reports claim that iPhone X production has slowed down due to declining demand, but according to an analyst, Apple is not facing any such problem.

JL Warren Capital LLC said shipments will drop to 25 million units in the first quarter of 2018 from 30 million units in the fourth quarter, citing reduced orders at some Apple suppliers.

"Bad news here is that highly publicized and promoted X did not boost the global demand for iPhone X", according to the note. The Samsung Galaxy Note 8 and the Samsung Galaxy S8 are 9th and 10th with 9.5% and 2.78% hikes in activations, respectively. His report comes after another report of lower estimates from Economic Daily, a Taiwanese newspaper, per CNN Money. In the meantime, Chinese brands such as Huawei, Oppo and Xiaomi are also luring away potential customers in China and other emerging markets such as India. The company also known as Foxconn is the sole iPhone X assembler, and also makes the handsets in Shenzhen and Chengdu.

Apple's stocks have plunged overnight as analysts predict a poor 2018 for sales of the tech giant's tenth-anniversary iPhone X.

An Apple representative declined to comment on production arrangements. He lowered his rating to "neutral" from "buy".

Apple fanatics were given many gifts this year with the launch of the iPhone 8, iPhone 8 Plus and the commemorative iPhone X. In order to understand their impact on device adoption and holiday sales, Flurry broke down the top 10 Apple smartphone device activations for the week leading up to Christmas.

The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

'If it turns out that consumers would have replaced their battery instead of buying new iPhones had they known the true nature of Apple's upgrades, you might start to have a better case for some sort of misrepresentation or fraud, ' said Rory Van Loo, a Boston University professor specializing in consumer technology law.

Apple stock down on early reports of weak iPhone X demand