According to this rumor, the company is planning to discontinue the first-generation iPhone X later this year when it launches the next version of the device.
The company has planned to cease production of iPhone X in this summer. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker's stock valued at $226,000 after buying an additional 6 shares during the period.
This gives the iPhone X an oddly shaped screen, and has sparked widespread complaints about the phone. This rumor states that the company will be doing this instead of selling the first-generation iPhone X for a lower price. (NASDAQ:AAPL) rumor mill today is news of the iPhone X being discontinued.More news: U.S. to send diplomatic team to Europe to discuss Iran
That is the news from the analyst Ming-Chi Kuo who normally has a good feel for the doings of Apple.
Either way this appears to be a short-run promotion and is expected to only last until the end of March 2018, which coincidentally enough is also when Apple expects iPhone 6 Plus battery replacements to be back in stock again. Kuo believes that Apple is due to announce three new smartphones in September, including a 5.8in second-generation iPhone X, a 6.5in iPhone X Plus and a 6.1in follow-up to the iPhone SE complete with Face ID. It's believed that the new iPhone X will maintain the 5.8-inch screen size, while the plus model will offer a mammoth 6.5-inch screen size.
At this point, it remains unclear what Apple's 2018 iPhone lineup is going to look like.More news: Overhaul of US Taxes Hits Earnings at UBS
A survey from Cowan also claims that maximum number of people have lost interest in new iPhones. Sinolink Securities analyst Zhang Bin said nearly everyone who wanted an iPhone X had already purchased it.
Apple reportedly expected the Chinese market to primarily hit its initial target of 20 to 30 million unit shipments. Fubon Securities analyst Arthur Liao told investors recently that the iPhone X sales were "far below expectations" as there was "no exciting super cycle". The highlight of the ad is poetry by Muhammad Ali aimed at bolstering your self-belief.More news: Francis Ngannou explains what he learned from loss to Stipe Miocic