According to a channel check reported by KeyBanc Capital, Apple’s ($AAPL) older iPhone 7 models are outselling the iPhone 8, which received a tepid response when it launched at the end of September.
And with Apple’s upcoming premium iPhone “X” model set to launch in a few weeks, it’s no surprise that nobody wants to pay $699 for an iPhone 8, when the only real improvements over the $549 iPhone 7 are wireless charging and facial recognition.
“Many respondents indicated that a meaningful portion of customers are buying iPhone 7 in lieu of the new iPhone 8, given the lack of significant enhancements in the new phone,” noted analyst John Vinh of KeyBanc.
Inside:
Vinh went on to write “”Feedback from stores indicate customers are waiting to purchase the iPhone X or to compare the iPhone X before buying the iPhone 8.”
“Feedback from stores indicate customers are waiting to purchase the iPhone X or to compare the iPhone X before buying the iPhone 8”
iPhone X
The much anticipated X will be a glass and stainless steel device with an edge-to-edge display, and will begin shipping November 3 priced at $999.
If you want to explore the differences in iPhones in greater detail, check out this Bloomberg article.
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Such bullshit. A phone makes phone calls w/o dropping the line. iPhone ..6,7,8..whatever is not a phone. It’s a Mossad/CIA tracking device w/ face recognition next, the pinnacle of surveillance short of being chipped. And T.Cook is a shitty marketer that has no idea what cannibalization is or how it works.