I think there's something very fishy going on here. Apple is getting ready to announce earnings on February 1. And after all of the reports last week of what many are expecting will be a massive, blow out quarter, suddenly a report from an unidentified source has the stock plummeting. I wouldn't be the least bit surprised if the shorts are making money all the way down for a few days and then will be buying back in for the ride up.
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Apple's Decision to Slash iPhone X Production Volume in Q1 2018 Could Delay Future OLED Models
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It has happened to my many times on trips when I wanted to listen to music, that my bluetooth headphones did not had a charge.
I bought the X after initially saying I would wait. I do agree that it is priced too high but it changed my monthly payment by $15 and unless I keep it to the end I really don't pay full price for it. I definitely won't be buying another Plus to get an OLED screen as I don't care for the larger size. I could deal with an X style phone with the LCD screen if it was cheaper. The 6.1 may end up being the hot phone to get.
OLED like any OLED even on X is utter crap. Constant color shifts from blue to yellow and staining is irritating. I have no clue how this tech took of on small screen devices.
And X like any other bezeless design phone has really no clue what to do with the bottom screen space. I was texting in one IM app and they have a giant blank space below the software keyboard, it's obvious they cant shift the keyboard to the bottom of the screen as it would have balancing issues so you are just stuck with a keyboard that takes the same amount of screen as it would with regular bottom bezel phone.
Stupid fads...
And X like any other bezeless design phone has really no clue what to do with the bottom screen space. I was texting in one IM app and they have a giant blank space below the software keyboard, it's obvious they cant shift the keyboard to the bottom of the screen as it would have balancing issues so you are just stuck with a keyboard that takes the same amount of screen as it would with regular bottom bezel phone.
Stupid fads...
Man, that Tim Cook sure is worth his $103 million compensation, right, right?
Not that surprising. I haven't really seen any in the wild up here yet. I think the die hard Apple fans will always pay whatever Apple asks but for the everyday consumer who just wants a phone for imessage, email and a few apps the $1000+ price tag is enough to give them pause (up here we are talking $800 up front with a 2 year contract!) While I can afford an iPhone X I personally just can't justify spending that kind of money on a phone and have opted to keep my 6s for a 3rd year year (battery replacement for $35 here I come) and see what Apple comes out with this year.
In my case, most of the time I use my iPhone to listen music, than a social media device. Sometimes I charged the device, but for some reason the bluetooth headphones did not got a charge, and when I became aware of it, it was too late.
I've had iPhone X for two months now and I love it more with every new day. It's a brilliant phone, quite possibly the best device Apple has ever made. Feels generations ahead iPad Pro or any of the new Macs.
Still. $1000 for a phone which you're possibly used to replace every year or two and which might break because it's a mobile device is just too much. $1450 in Europe for the 64 gigs version is just outrageous and hurting. I can fully understand most people who aren't that much into Apple or don't have too much money to spend just won't justify spending that much on a phone. You can get a used car for that money.
Still. $1000 for a phone which you're possibly used to replace every year or two and which might break because it's a mobile device is just too much. $1450 in Europe for the 64 gigs version is just outrageous and hurting. I can fully understand most people who aren't that much into Apple or don't have too much money to spend just won't justify spending that much on a phone. You can get a used car for that money.
Price is why I didn't go for the iPhone X. While I originally planned on waiting, I decided to upgrade to a 7 red last spring once the rumors were swirling about the new iPhone costing $999. While I could manage payments on the X, I personally refuse to pay that much for a phone. I figured I'd rather just upgrade to a 7 and put money into upgrading my iPad Air to a 10" Pro. I'll get an "edge-to-edge" iPhone, preferably with Touch ID once they are down to around the price of a regular iPhone.
To me, this is the most logical perspective. Because of healthy competition, my cellular data plan costs have gone down in the past 5 years. I'm certainly glad that the pricing structures before TMobile's and Sprint's aggressive discounting weren't allowed to be the new normal.
Many experts predicted prolonged demand and stock shortages for the iPhone X. I'm glad that sales have come up short, and I also like the fact that Apple can't hide that reality since production cut-backs affect so many other companies who are eager to talk about it.
I loved the X but traded it in for a 8+ due to headaches. Will buy another one in a second with a different screen.
HobeSoundDarryl
macrumors G5
The game (as it may apply to these rumors): now that we are very close to getting the actual facts, all of whatever happened in the holiday quarter has already been used to sell as much AAPL as can be sold. It's now almost entirely NOT about what Apple reports it did in the quarter but what Apple projects it expects to do going forward.
Apple is not the only players who forecast their future. Analysts do that too. Since they are always driving buys & sells of stock, they can't even wait around for Apple to offer their forecast first- they have to upgrade, hold or downgrade stocks all throughout every quarter.
If Apple knows their projection will be lower than general expectations, a good strategy is to leak it before they actually admit it themselves. This gets analysts cutting their own forecasts before the big reveal. Then, if Apple lays out a less-than-expected forecast, it's not so different than what analysts were expecting (with recently reduced expectations) and there is not that much financial news shock. If analysts are kept in the dark and/or fed information that keeps their own projections sky high and then Apple rolls out a well below forecast, that shock is much bigger news (many analysts having to move quickly to slash their own forecasts so they can't look too stupid to those who pay their salaries). Lots of downgrades on forecasts at the same time is much bigger (bad) news than generally being able to spin the common phrase: "about meeting with Wall Street analyst forecasts" (even if they are recently-reduced forecasts).
The only time it's good to surprise analysts is the other way: have the bulk of them expecting lower results and surprising on the upside. Then they all have to adjust their own forecasts up and that's big (positive) news for a stock.
What's going to play out here? I don't know. Nobody outside of Apple knows. Conceptually, there is added profit in the X and the X sold very well in the holiday quarter. If so, "record profits" and maybe "all-time record profits" for the quarter. This rumor implies the forecast for the future may be lower than expected. If the analysts buy that and cut their expectations before Apple announces, Apple will lay out the forecast "about in line with analyst forecasts" and it's somewhat business as usual. No mass analyst forecast cuts because they'll already have their forecasts down in the range. Not huge news. Turn the page quickly and start talking about FB or Google or Amazon earnings ASAP.
That's the game. Whether it applies here is TBD. Leaks are a good strategy to set up the key line when the actual forecast is expected to be lower than what the pool of analysts covering any stock seems to be expecting. It's like advising a family member it may rain today, when you know it's going to rain but they seem to be about to go out with much better expectations.
Apple is not the only players who forecast their future. Analysts do that too. Since they are always driving buys & sells of stock, they can't even wait around for Apple to offer their forecast first- they have to upgrade, hold or downgrade stocks all throughout every quarter.
If Apple knows their projection will be lower than general expectations, a good strategy is to leak it before they actually admit it themselves. This gets analysts cutting their own forecasts before the big reveal. Then, if Apple lays out a less-than-expected forecast, it's not so different than what analysts were expecting (with recently reduced expectations) and there is not that much financial news shock. If analysts are kept in the dark and/or fed information that keeps their own projections sky high and then Apple rolls out a well below forecast, that shock is much bigger news (many analysts having to move quickly to slash their own forecasts so they can't look too stupid to those who pay their salaries). Lots of downgrades on forecasts at the same time is much bigger (bad) news than generally being able to spin the common phrase: "about meeting with Wall Street analyst forecasts" (even if they are recently-reduced forecasts).
The only time it's good to surprise analysts is the other way: have the bulk of them expecting lower results and surprising on the upside. Then they all have to adjust their own forecasts up and that's big (positive) news for a stock.
What's going to play out here? I don't know. Nobody outside of Apple knows. Conceptually, there is added profit in the X and the X sold very well in the holiday quarter. If so, "record profits" and maybe "all-time record profits" for the quarter. This rumor implies the forecast for the future may be lower than expected. If the analysts buy that and cut their expectations before Apple announces, Apple will lay out the forecast "about in line with analyst forecasts" and it's somewhat business as usual. No mass analyst forecast cuts because they'll already have their forecasts down in the range. Not huge news. Turn the page quickly and start talking about FB or Google or Amazon earnings ASAP.
That's the game. Whether it applies here is TBD. Leaks are a good strategy to set up the key line when the actual forecast is expected to be lower than what the pool of analysts covering any stock seems to be expecting. It's like advising a family member it may rain today, when you know it's going to rain but they seem to be about to go out with much better expectations.
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iPhone X is *by far* the best iPhone I've ever used, and I've had every single model ever released. Using it is a pleasure.
However, I do feel incredibly silly whenever I think that I paid over $1000 for a phone. I try not to think about it.
However, I do feel incredibly silly whenever I think that I paid over $1000 for a phone. I try not to think about it.
I completely agree with everyone who says the iPhone X is too expensive.
'iPhone inflation' per year is way above normal household inflation or wage inflation. Couple this with the news that iPhones after a year or two will not perform as they should (unless you pay for a battery replacement) will surely have an affect on the second-hand/resale values, therefore making already expensive iPhones seem even more expensive (as you get less money to trade in your old one that goes towards payment of a new phone).
I ordered an iPhone X 256Gb (64Gb would have been too low if you count in another year or 2 of photos/songs/etc), but ended up cancelling the order. Even though i can afford £1150 it just didn't feel worth that amount of money. It's over-priced. Saying it's over-priced does not mean i can't afford it. I wouldn't spend £5 on a can of coke, as thats over-priced for what it is, and the same can be said of the iPhone X.
Those who say something along the lines of 'well it's only £200 more than the £800 iPhone 8' (for 64Gb versions), and then claim that if you can afford £800 then you can afford £1000, don't seem to realise thats a 25% increase in price. Using their logic, if you can afford £800 then you can afford £1000, but then does that carry on for infinity because surely if you can afford £1000 you can also afford £1250, and then surely after that you can afford £1550, then £1950, etc.
Another thing i just can't understand is why Apple designed a phone with a glass back that costs £550 to replace if it broke. I know they have to take out the whole internals to replace the glass but that is a problem in the design. If i had kept my iPhone X order i would have kept in in a case with screen protector etc (like i do with my 6S plus) but i know that a lot of people like to go naked. Imagine being one of those people who spent £1150 on a phone and don't like to use a case and all of a sudden it slips out your hand and you either have to pay an extra £550 to fix it? But if you spend an extra £200 on AppleCare you can drop in twice for 'free'. Although now you've spent £1350 on a phone.....
Anyway, i really hope Apple starts to reduce the prices of iPhones from the amounts we are seeing now. Also while they are at it, please reduce how many different versions of iPhone are now available to buy. Lack of product fragmentation was what drove me to the Apple ecosystem in the first place.
Is it not better in the long run to maintain and grow the customer base for the income from Appstore/Apple Music/services etc?
'iPhone inflation' per year is way above normal household inflation or wage inflation. Couple this with the news that iPhones after a year or two will not perform as they should (unless you pay for a battery replacement) will surely have an affect on the second-hand/resale values, therefore making already expensive iPhones seem even more expensive (as you get less money to trade in your old one that goes towards payment of a new phone).
I ordered an iPhone X 256Gb (64Gb would have been too low if you count in another year or 2 of photos/songs/etc), but ended up cancelling the order. Even though i can afford £1150 it just didn't feel worth that amount of money. It's over-priced. Saying it's over-priced does not mean i can't afford it. I wouldn't spend £5 on a can of coke, as thats over-priced for what it is, and the same can be said of the iPhone X.
Those who say something along the lines of 'well it's only £200 more than the £800 iPhone 8' (for 64Gb versions), and then claim that if you can afford £800 then you can afford £1000, don't seem to realise thats a 25% increase in price. Using their logic, if you can afford £800 then you can afford £1000, but then does that carry on for infinity because surely if you can afford £1000 you can also afford £1250, and then surely after that you can afford £1550, then £1950, etc.
Another thing i just can't understand is why Apple designed a phone with a glass back that costs £550 to replace if it broke. I know they have to take out the whole internals to replace the glass but that is a problem in the design. If i had kept my iPhone X order i would have kept in in a case with screen protector etc (like i do with my 6S plus) but i know that a lot of people like to go naked. Imagine being one of those people who spent £1150 on a phone and don't like to use a case and all of a sudden it slips out your hand and you either have to pay an extra £550 to fix it? But if you spend an extra £200 on AppleCare you can drop in twice for 'free'. Although now you've spent £1350 on a phone.....
Anyway, i really hope Apple starts to reduce the prices of iPhones from the amounts we are seeing now. Also while they are at it, please reduce how many different versions of iPhone are now available to buy. Lack of product fragmentation was what drove me to the Apple ecosystem in the first place.
Is it not better in the long run to maintain and grow the customer base for the income from Appstore/Apple Music/services etc?
The thing is that ppl who are working 2-3 jobs to make ends meet are the same ppl who have the most iphone x.yes the poor ppl can afford anything when the payments r done monthly
Another story with unnamed sources to drive the stock price down before earnings release. They were able to bring the stock down 4% last week. I’m sure this report is good for another 2-3% today.
Also everyone complaining about the price...as far as I know Apple never guided to higher margins in their earnings call. To me that signals that the phone is priced higher because it’s more expensive to make. Of course everyone complained about Apple being behind the competition because they didn’t sell an OLED phone. Now everyone is complaining it’s too expensive. But how many people are buying an X outright? Aren’t most people on a payment plan? My monthly bill with AT&T went up $15 when I got an X. Is that really breaking the bank? No.
Stock manipulation conspiracy theories? Surprising, coming from you.
This happens every year. Every December/January there are rumors about iPhone production cuts. And every year the stock drops on the rumors.
HobeSoundDarryl
macrumors G5
You are not the only one.
For me, it's even simpler. While I can do just fine most of the time consuming favored media on Apple hardware, I fly a lot. Most flights have live television in the seat back. That gives me a good option to watch some live sports or the latest show- impossible to do on the iDevice I have with me, now in airplane mode. No seat back video on any airline I use has connections for either Lightning or Bluetooth. But they ALL have connections for the good old headphone jack.
Whoops, did I forget my headphones this time? Can the flight attendant give or sell me temps that can connect via Lightning or Bluetooth? No they can't- instead what they can give or sell me has the world's most ubiquitous tip on the end.
When I'm at the clients who do not worship Apple, does their non-Apple hardware have Lightning jacks? Nope. Bluetooth? Maybe, but I can't count on that.
When I'm at the hotel, does their AV stuff have Lightning or Bluetooth. Almost definitely NO on the former and probably not on the latter.
Etc. What do all those common, everyday connection points have though? The good old headphone jacks.
Even within the Apple bubble, can I unplug Lightning buds and plug into my Macs? Any of my Macs? How about the newest $5K iMac? Nope. Nope. and Nope. Granted I can make Bluetooth work within the bubble but then see the above.
Yes, water under the bridge. Yes, "don't like, don't buy" (and so that's what I've resorted to do here). Yes, dead, dead, beaten & dead horse. But here's a thread implying very Apple-focused consumers NOT buying the latest & greatest from Apple. A whole bunch of us Apple fans are admitting to NOT buying the latest & greatest due to price, due to dropping touchID, due to the notch, etc. I'm still clinging to older Apple mobile stuff for a dongle-less headphone jack.
A very objective mind might see this thread differently- NOT an "apple is doomed" thread, but a bunch of the more passionate Apple product buyers not seeing enough value or personal relevance to lay out $1000+ for the latest & greatest version this year. If this rumor plays out and sales are down beyond our tiny pool of fans here, maybe Apple should do something really crazy and LISTEN a bit more to what the market wants.
I know. I know. "$2XX Billion in the bank" can't be wrong. And yet here's one thread of very passionate Apple people, with a good-sized chunk offering up very specific reasons why they did NOT buy the latest & greatest iPhone. They've already read that "Apple is always right" in countless threads... perhaps even slinging that themselves to other naysayers over other issues in the past. And now they are NOT buying.
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Yes Kuo is never wrong. Anything he says is a fact. I believe Kuo is a way for Apple to drip feed customers with features of upcoming iPhones throughout the year so consumers arent shocked at the actual release. This low end iPhone would be shocking at the price point it’s advertised at but now we are ready for it. You can quote me on this in a year.
You mean lesser features at the same cost. This 6.1 LCD is inferior to 8 Plus in every way except for bezels and FaceID and still costs $799.Apple managed to make the X look like a value buy in front of this. You lose a good screen and those dual cameras. Might as well stick woh TouchID for them.
Gosh, how can my experience with FaceID vs. TouchID be so completely different than yours? The former works for me nearly 100% of the time, without holding the phone at any certain angle. I can unlock it holding the phone at a 45 degree angle rotated to the side and only slightly elevated from flat. It's basically impossible to have it not be unlocked by the time you swipe to open. That's a lot more than I can say for TouchID, which often demands repositioning your finger multiple times to read, and invokes Siri accidentally quite often. So fiddly. Weird that anyone still prefers TouchID.
It was to be expected: too expensive, lack of touchID, faceID still slow and immature, notch is too big and intrusive…
HobeSoundDarryl
macrumors G5
Under his leadership, Apple will soon be the world's very first Trillion dollar company. By the measurement that is most important in how the world evaluates CEOs, Cook is the best CEO to have ever been one. The GOAT. The way consumers want to gauge a leader may significantly differ from how shareholders and/or boards gauge them... but note this, 2 of our most popular phrases we sling around here:
- "...but who has the most profitable _________" and
- "$2XX Billion in the bank can't be wrong"
"Wall Street dipped at the open on Monday, easing from record levels hit last week, as a fall in Apple's shares weighed on the three major indexes.
Reports that the tech giant could cut production of its iPhone X spooked investors. Apple shares were 2% a few minutes into trading.
That cast a shadow across the three main US markets. The Dow Jones fell 49.26 points, or 0.19%, to 26,567.45. The S&P 500 lost 7.6 points, or 0.26%, to 2,865.27. The Nasdaq dropped 23.86 points, or 0.32%, to 7,481.92."