💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Apple roundup: iPhone 7 outselling 8, Huawei launching X rival, Pay coming to India

Published 10/16/2017, 10:52 AM
© Reuters.  Apple roundup: iPhone 7 outselling 8, Huawei launching X rival, Pay coming to India
AAPL
-
  • KeyBanc analyst John Vinh says carrier store surveys show Apple’s (NASDAQ:AAPL) iPhone 7 outsells the newer iPhone 8.
  • Vinh says store feedback indicates customers waiting to see the iPhone X before deciding on a new model.
  • Modest iPhone 8 offers from carriers could also drive down device sales.
  • In more bad news for device sales, Apple could lose more of the China market as Huawei prepares to launch its Mate 10 flagship phone
  • The Mate offers an OLED screen and AI capabilities at a lower price than the iPhone X.
  • Apple’s China market share fell to 10% this year from 14% in 2015. Huawei rose from 14% to 18% in the same period, according to Counterpoint Research.
  • In other news, SVP of Internet Software and Services Eddy Cue tells Mint that Apple Pay is coming to the country but doesn’t provide a timeline.
  • Apple shares are up 1.62%.
  • Previously: Foxconn starts iPhone X shipments but only 46.5K units (Oct. 16)
  • Previously: KeyBanc upgrades Apple on iPhone X pricing (Oct. 16)
  • Now read: Largest Stocks In The Market

Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.