There have been various speculations that Apple will have trouble in meeting the demand for the upcoming iPhone 8 sales. Most of the problems are related to suppliers. A new forecast puts the deficit as high as 20 million when the phone will release in 2017.
Apple Is Facing Production Issues Which May Cut iPhone 8 Sales
The support for Apple’s $800 billion market capitalization based on a home run for upcoming iPhone 8. As per the report, it is the largest step forward in tech and features since the iPhone introduction in June 2007. The revenue of Apple in the last quarter of 2017 will lean on sales of the latest version.
As per the reports from 9 to 5 Mac, Taiwan-based securities from KGI, production of iPhone 8 for 2017 may be pushed as late as November.
Apple sold 50.6 Million iPhones in the second quarter of 2017 which ended April 1. It was down from 78.2 million in its first quarter, which included the 2016 holiday season.
If most of the forecasts about the iPhone 8 are right, the sales will be adamant whenever it is released. Many reports suggest that it will have two cameras, a screen that runs all the way to the iPhone’s corner, OLED (Organic Light Emitting Diode) display, wireless charging that does not need backlighting, and a faster processor.
The iPhone is also expected to be more pricey than the iPhone 7. It will improve the Apple’s gross margins and revenue once the new session goes on sale.
In Our Opinion
Apple recently became the first company to have a have market capitalization over $800 billion. Many Wall Street analysts have stock price targets that will put the figure closer to the $1 trillion. Though, it depends on iPhone 8 sales and how early Apple will commence them. We hope that you liked our article. Do share it with your friends.