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The iPhone X may be the hottest device Apple has ever sold. Customers scooped up 25 percent more units in the first four days of preorders than the previous record holder, the iPhone 6, according to data from Slice Intelligence. But supply is believed to be even lower than in years past, where eager iPhone fans had to wait about a month for a device. Currently, the wait for an online order is five to six weeks. Nov. 3 availability for the iPhone X disappeared almost as soon as preorders began Oct. 27.
Analysts asked Cook multiple times about how iPhone X preorders compared to the iPhone 8, The CEO brushed off the question each time, saying he was "not going to talk about mix."Still, Cook sought to alleviate some fears that people were seeking out older iPhones during the quarter instead of buying the iPhone 8, Apple's average selling price for iPhones during the quarter was $618 versus analysts' uag plyo iphone xs max tough protective case - crimson expectations for $638, which indicated it sold a lot of cheaper devices, Cook noted the iPhone 8 and 8 Plus "instantly became our two most popular iPhone models and have been every week since then." He also said he couldn't predict when Apple could make enough iPhone X models to meet demand..
"We're really happy that we're able to increase week by week what we're outputting," Cook said. "I can't predict at this point when that balance will happen."To get a sense of how the iPhone X will perform, analysts looked to Apple's forecast for the current first quarter. The period, which includes the key holiday season, is typically Apple's largest. Analysts expect Apple to sell 81 million iPhones in the period, according to Bernstein analyst Toni Sacconaghi. Apple's previous record was 78.3 million in the first quarter of 2017.
"Apple's commentary on iPhone X availability and expected timeframe to achieve supply/demand balance, as well as on initial demand/orders will be critical," Sacconaghi noted, Apple said first-quarter revenue would jump to $84 billion to $87 billion, up from $78.4 billion a year earlier, That compared with analyst expectations for $85.31 billion, according to Yahoo Finance, Apple's net income rose to $10.7 billion, or $2.07 a share, from $9 uag plyo iphone xs max tough protective case - crimson billion, or $1.67 a share, Analysts had expected earnings of $1.87 a share, according to Yahoo Finance..
Apple's revenue climbed 12 percent to a record $52.6 billion, compared with analyst expectations for $50.8 billion, according to Yahoo Finance. Notably, Apple now has $268.9 billion in cash, with most of that held overseas. Cook on Wednesday during a TV interview called for tax reform that would let him bring Apple's cash back to the US. iPad sales continued their rebound in the quarter. Apple sold 10.3 million units, up 11 percent from a year ago. The third quarter marked the first time iPad unit sales rose after 13 consecutive quarters of declines.
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