But the iPhone X has been dogged by reports of severe supply shortages because of production snags.
KGI Securities analyst Ming-Chi Kuo wrote in a note to investors on Friday (Oct. 20) that Apple will only have between 2 million and 3 million iPhone X units available in time for the smartphone's November 3 launch.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, August 1st.
Once the iPhone X comes out in the market there will surely be a massive surge in sales which will once more prove that Apple is the best high tech firm in the world.
Personally speaking, I don't think poor iPhone 8 and iPhone 8 sales can be entirely pinned on the iPhone X (even with its cool party tricks) as quite frankly not everyone can afford to pay up to $1,149 (before tax) for a smartphone.
But Kuo, who is tapped into Apple's Asian supply chain, says the worst production issues will be over soon.More news: SCOTUS To Take Up Microsoft Data Privacy Case
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Kuo's note, seen by Business Insider, also goes into some detail about what's causing the delays.
Finally, the note touches on the True Depth camera issue that had been previously reported by The Wall Street Journal "We believe the previous design issues of the dot projector sometimes being unable to recognize human faces has been resolved after active alignments or environmental tests were addressed", Kuo wrote.
The second most troublesome component is the PCB for the wide-angle camera.
Apple and General Electric (GE) are set to join forces to create industrial apps that will bring predictive data and analytics from GE's cloud-based platform, Predix, to the iPhone and iPad. After all, iPhones are still expensive, and the most affordable 2018 iPhone X might still be costly. Yet the iPhone X will erase all these disappointments in a matter of months. In fact Apple is more used to the opposite: queues around the block and such high demand that Apple regularly says its massive sales figures are impacted simply because it can not build enough.
A report from Chinese-language Economic Daily says that Apple is working on two iPhone X successors for next year, including high-end and low-end products. "We would be aggressive buyers of the stock with the iPhone X cycle kicking off next Friday with pre-orders".
In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the business's stock in a transaction that occurred on Thursday, October 5th.