Apple CEO Tim Cook 'Thrilled' With Launch Day Response to iPhone 8

[PickUrPoison]

I still cannot believe they have the courage to hide some of the video content like a movie behind the notch on the iPhone X. Instand no go for my OCD

The notch doesn’t show in the default mode, the display is pillar boxed.... but you can expand it to full screen if you wish. If you do that, though, you’ll lose a lot more content at the top and bottom than you will to the notch. (For 16:9 content; mileage will vary with other aspect ratios.)

 

[Burger Thing]

This was posted in the news in Hong Kong:

http://m.scmp.com/tech/china-tech/a...iphone-8s-proves-damp-squib-retailers-hopeful

This might be one of the weakest launches for Apple ever. Ten years for the iPhone, incredibly successful financial quarters, etc. Maybe everyone fell in a trap for their own expectations and hype.

When you talk to people and colleagues, the statements are remarkable similar: the X is too expensive and the iPhone 8 is not worth the upgrade for existing iPhone 6s, 7 owners, pus the design is tired and feels dated.

I suspect the market sees it in a similar way, hence the diving stocks. They will have noticed the frozen, mask like fake smile on Tim's face, too. We probably won't see any officially published numbers for the iPhone 8 anytime soon.

 

[PickUrPoison]

What else do you expect him to say......

As a stock holder who owns a decent amount of shares, I had a feeling I should have gotten out before this launch. But I wasnt following my own gut and now have lost thousands and thousands of value.

I just hope the demand for the Iphone X makes up for it. I know I have two people in my house that will be ordering the X.

Your losses are on paper, just as were your gains. You haven’t lost anything if you don’t sell now to lock in a “loss” (which is really only a decrease in your previous gain’s highest value).

Stock prices are not linear, they fluctuate. If the share price is $162 by the end of the month, how much will you have “lost”?

 

[fourthtunz]

Its all bull crap unless he actually cites numbers vs. expectations or previous results. Apple Watch 3 sold out in many locations? You mean the locations that didn't have any to begin with? He's "thrilled" with iPhone 8 launch?

And then all the sheep bleat on about "more sales going online" and "oh its because of the iPhone X," but at the end of the day, nobody really knows except the people at Apple, and they aren't going to tell you the truth.

I am over the hype. I still like the products, but so long as the ones I have provide the function I need, I am not even paying attention to product announcements.

Thank you for sharing. ;(

 

[44267547]

Early adopters may favour the iPhone X, but early adopters are also typically your more tech savvy people who want to have biggest and best. However, once the dust settles I think the iPhone 8 and 7 will both outsell the X as price will be a bigger deciding factor for your everyday Apple customer.

Agreed. The price point of the iPhone 8 and it will be more widely available are contributing factors to the success of the iPhone 8 Over the iPhone X.

 

[DakotaGuy]

Cook had a few minutes to speak with CNBC, and he said that he's "thrilled" with what he's seeing on launch day. Some stores have sold out of the iPhone 8 and 8 Plus he says, and many locations are out of the LTE Apple Watch Series 3 models.

There we go - equating success with selling out of stock on Day 1, due to a presumably deliberate undersupply. However, on this occasion, his fellow beancounters did not in most cases appreciate just how low the demand would be. I would say success in some measure could be seen as putting sufficient stock in stores to supply customers at launch, but not the modern-day Apple management.

Actually if you watch the interview he mainly focuses on how the Watch is selling. He actually cuts his comments on the 8 and 8 Plus pretty short. I guess we’ll just have to see how amazing the launch weekend is for the 8 if and when they release numbers. If they don’t release any then I think that’s pretty telling.

 

[dampfnudel]

The iPhone 8 should have never been made and all the manufacturing resources should have been put into the X as this is what people are waiting for. Not the same rehashed design for the last 4yrs.

That sounds good, but Apple is heavily reliant on Samsung who has its own interests in making sure Samsung products get priority for component allocation. Also with the X being the first OLED iPhone, Apple probably was worried that using two manufacturers for the X display (Samsung and LG) may have led to inconsistencies with the display quality. In other words, it was pretty apparent months ago to Apple that X stock would be constrained and they needed plan B or in this case, plan 8.

 

[t76turbo]

Your losses are on paper, just as were your gains. You haven’t lost anything if you don’t sell now to lock in a “loss” (which is really only a decrease in your previous gain’s highest value).

Stock prices are not linear, they fluctuate. If the share price is $162 by the end of the month, how much will you have “lost”?

I completely understand. That’s why I said lost ‘value’ and not money. I guess I see a difference. Probably didn’t come across that way.

I actually did sell a bunch when it went over $155 just to take some profits. I am in at just over $90 a share in the vast majority of my shares. So there is no true loss involved at this point.

 

[dampfnudel]

This was posted in the news in Hong Kong:

http://m.scmp.com/tech/china-tech/a...iphone-8s-proves-damp-squib-retailers-hopeful

This might be one of the weakest launches for Apple ever. Ten years for the iPhone, incredibly successful financial quarters, etc. Maybe everyone fell in a trap for their own expectations and hype.

When you talk to people and colleagues, the statements are remarkable similar: the X is too expensive and the iPhone 8 is not worth the upgrade for existing iPhone 6s, 7 owners, pus the design is tired and feels dated.

I suspect the market sees it in a similar way, hence the diving stocks. They will have noticed the frozen, mask like fake smile on Tim's face, too. We probably won't see any officially published numbers for the iPhone 8 anytime soon.

Tim & company may learn a valuable lesson next year and that is don't leave a significant number of your customers stranded in a gap.

 

[PickUrPoison]

I completely understand. That’s why I said lost ‘value’ and not money. I guess I see a difference. Probably didn’t come across that way.

I actually did sell a bunch when it went over $155 just to take some profits. I am in at just over $90 a share in the vast majority of my shares. So there is no true loss involved at this point.

Gotcha. Profit taking is a good thing, and you’d have to have a crystal ball to get out at the exact highest point. Nothing wrong with $155.

 

[I7guy]

Tim & company may learn a valuable lesson next year and that is don't leave a significant number of your customers stranded in a gap.

Or things will be just fine. You never know what will happen.

 

[dampfnudel]

Or things will be just fine. You never know what will happen.

True, but you can't deny that Apple is entering uncharted territory here.

 

[AdonisSMU]

True, but you can't deny that Apple is entering uncharted territory here.

Actually they did the right thing here. Get some data and see what people think of both the touchID and faceID. Then when there is more data they can iterate their iPhone designs based on what people end up using.

 

[wooddjw]

As he often does on product launch days, Apple CEO Tim Cook this morning stopped by the Apple Store in Palo Alto, California as customers gathered to purchase an iPhone 8, Apple Watch Series 3, or 4K Apple TV.

Cook had a few minutes to speak with CNBC, and he said that he's "thrilled" with what he's seeing on launch day. Some stores have sold out of the iPhone 8 and 8 Plus he says, and many locations are out of the LTE Apple Watch Series 3 models.

Image via CNBC​

Cook spent time mingling with friends and joining in on the staff tradition of cheering and waving to customers purchasing a new iPhone. "We really like what we're seeing," Cook said.

Cook also commented on the LTE issues plaguing the new Apple Watch, which have caused some major publications not to recommend the device for purchase.The bug surfaced when reviewers got their hands on the Apple Watch Series 3 and noticed that it often wouldn't connect to LTE. It turns out, the watch is mistakenly joining unauthenticated Wi-Fi networks with interstitial agreement pages that can't be bypassed. Apple has said the bug will be fixed in an update, but has not given a timeline for the fix.

Despite Cook's positivity, some reports from around the world have suggested demand for the iPhone 8 is low. Reuters reported a "bleak turnout" in Australia and later said there was a "muted launch" in Asia.

The iPhone 8 and iPhone 8 Plus are in stock and available for launch day purchase in many stores around the world.

Article Link: Apple CEO Tim Cook 'Thrilled' With Launch Day Response to iPhone 8

[doublepost=1506143340][/doublepost]I am not buying iPhone 8 or is it really an iPhone 7s. Pointless and money grabbing especially as iPhone X will make it redundant in a few weeks. Might buy that but not sure I could live with movies loosing a bit at the top where the screen dips.

 

[tw1ll]

Those quotes are disturingly Trumpesque in tone. In fact, thinking about it, his utterances on product pipeline and r&d have had that slant for quite a while...”its gonna be big, huge, just wait and see.....”

 

[Septembersrain]

Those quotes are disturingly Trumpesque in tone. In fact, thinking about it, his utterances on product pipeline and r&d have had that slant for quite a while...”its gonna be big, huge, just wait and see.....”

All rich companies and people can end up with that tone if they think themselves incapable of failing.

 

[deuxani]

I still think the iPhone 8 is a pretty smart move. All providers are posting ads for just the new iPhone 8, the X is not mentioned. Most people don't know about the iPhone X so all they see is the new iPhone 8 and buy that if they need a new phone.

The X will be so limited that Apple doesn't care that people buy the 8 instead because it will be impossible to meet the X demand. And then there are people who actually prefer the 8 over the X for many reasons.

It's smart, using this design for the 4th year so no research cost is lost there. Making the price even higher. I hate their approach, but it's smart.

 

[rtrutter]

Tim will always claim everything is rosy. No matter how bad things look. I am not impressed with all the new iPhones. Apple keeps taking features away while other phone manufacturers keep adding features. Here is one example, the Samsung Note 8 has 3 different ways of gaining access. Iris scanner, Fingerprint scanner and Face Recognition. Apple only has either touch ID on Iphone 8 or Face ID on the iPhone X. Apple is playing catch up with a lot of the other phone manufacturers. I know Tim always says that Apple does not want to be first but the best. I do not think Apple is the best. They charge a premium price for their products even though it is "old" technology. They are really crazy and I think this lull in iPhone sales is a reaction to those prices and lack of features. iPhone X will not sell either because it is so damn expensive. Your Greed will catch up to you Tim Cook. You deserve to be knocked down a few "notches."

 

[tw1ll]

All rich companies and people can end up with that tone if they think themselves incapable of failing.

I like the concept of survivor bias - for every individual still in the public eye there are countless failed and forgotten who once felt the same way. There is no press interest (or advertising draw) in stories about the failed majority.

 

[Jax44]

And like every other propagandist, they probably put out the notice for all-hands-on-deck; off-shift employees, families, friends, etc. Probably catered the event, so free food. Probably gave away tchotchkes; like Beats headphones.

Don’t forget the free cars and mansions on Nob Hill!
[doublepost=1506177871][/doublepost]

This was posted in the news in Hong Kong:

http://m.scmp.com/tech/china-tech/a...iphone-8s-proves-damp-squib-retailers-hopeful

This might be one of the weakest launches for Apple ever. Ten years for the iPhone, incredibly successful financial quarters, etc. Maybe everyone fell in a trap for their own expectations and hype.

When you talk to people and colleagues, the statements are remarkable similar: the X is too expensive and the iPhone 8 is not worth the upgrade for existing iPhone 6s, 7 owners, pus the design is tired and feels dated.

I suspect the market sees it in a similar way, hence the diving stocks. They will have noticed the frozen, mask like fake smile on Tim's face, too. We probably won't see any officially published numbers for the iPhone 8 anytime soon.

They haven’t done launch numbers for awhile now.

 

[dstew201]

Everyone keeps saying that but I don’t see too many people willing to shell out 1500 for a phone. Even if you’re making 2x the National salary that’s still 2% of your yearly salary after taxes.

Seriously?? Many people will go into debt for the new shiney! If that means taking out a loan, charging their credit card, or a selling a vital organ. It’s the culture we live in, sadly... look at Apple’s war chest for proof, the $$ didn’t magically appear by itself.

 

[I7guy]

Seriously?? Many people will go into debt for the new shiney! If that means taking out a loan, charging their credit card, or a selling a vital organ. It’s the culture we live in, sadly... look at Apple’s war chest for proof, the $$ didn’t magically appear by itself.

Some people charge for points and then pay the balance in cash. But the competition has caught up to apples pricing.
[doublepost=1506194209][/doublepost]

Tim will always claim everything is rosy. No matter how bad things look. I am not impressed with all the new iPhones. Apple keeps taking features away while other phone manufacturers keep adding features. Here is one example, the Samsung Note 8 has 3 different ways of gaining access. Iris scanner, Fingerprint scanner and Face Recognition. Apple only has either touch ID on Iphone 8 or Face ID on the iPhone X. Apple is playing catch up with a lot of the other phone manufacturers. I know Tim always says that Apple does not want to be first but the best. I do not think Apple is the best. They charge a premium price for their products even though it is "old" technology. They are really crazy and I think this lull in iPhone sales is a reaction to those prices and lack of features. iPhone X will not sell either because it is so damn expensive. Your Greed will catch up to you Tim Cook. You deserve to be knocked down a few "notches."

But Tim won’t be knocked down. Sales will be good. Apple does its homework even if there is much griping here on macrumors. Not that it is great for consumers but the competitions’ pricing is indicative of where things are headed.

 

[kdarling]

That sounds good, but Apple is heavily reliant on Samsung who has its own interests in making sure Samsung products get priority for component allocation.

Samsung spent billions adding OLED manufacturing capacity for Apple, so it doesn't seem that they are trying to hold back displays for themselves or others.

Instead, the iPhone X display supply problem and high cost is reportedly caused by the greatly lowered yield (from the normal 80-85% down to 60%) because of the unusual notch design.

The notch is a mixed bag. On the one hand, it saves a few mm. But that's really offset by the lower yield and subsequent price increase. Not worth it, IMHO, but I think Cook really wanted to demonstrate that he actually had something different in the pipeline.

 

[I7guy]

Samsung spent billions adding OLED manufacturing capacity for Apple, so it doesn't seem that they are trying to hold back displays for themselves or others.

Instead, the iPhone supply problem is reportedly caused by the lowered yield (from about 80-85% down to 60%) because of the unusual notch design.

The notch is a mixed bag. On the one hand, it saves a few mm. But that's really offset by the lower yield and subsequent price increase. Not worth it, IMHO, but I think Cook really wanted to demonstrate that he actually had something different in the pipeline.

He succeeded. The “x” doesn’t look like a generic slab.

 

[B4U]

I went to the same Apple store on launch day around the same time of the day. The line for 6s was about the same as 7, yet the number of people waiting for the 8 (or the lack thereof) was completely different.