With a better-than-expected iPhone 8 launch quarter, and a highly anticipated debut for the flagship iPhone X, investors on Wall Street are riding high on Apple stock, pushing shares into uncharted territory as analysts increase their forecasts to trillion-dollar market cap levels.
The customary teardown of the iPhone X by iFixit, within hours of its release, reveals Apple has made considerable changes to the internal design of the smartphone, including its layered logic boards and the use of two battery cells, a first for the product line.
Lines at the U.S. Apple Stores mirror those Thursday’s queues at international venues, and AppleInsider has learned that stores typically have well over 300 units on hand to sell, and in some cases, nearly a thousand.
Some people expecting to buy an iPhone X in San Francisco on Friday may be disappointed, as 313 units were stolen from a local UPS truck earlier this week.
Shipping delays for the iPhone X at Apple’s U.S. and Canadian online stores have shrunk to between 3 and 4 weeks, matching improvements in Asia, Europe, and the Middle East.
Apple CEO Tim Cook once again touched on the topics of augmented and virtual reality during a Q4 results call, avoiding specific talk about future hardware while hinting at the company’s approach.
Apple’s wearables business — including Apple Watch, AirPods, and Beats products — was up 75 percent year-over-year during the September quarter, helping to make it the size of a Fortune 400 company, CEO Tim Cook said during Thursday’s results call.
Apple is predicting that for the first quarter of its 2018 fiscal year, ending in December it will make more money than it ever has before, expecting revenue between $84 billion and $87 billion mostly on the strength of the iPhone X.