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Apple iPhone X Sale Not Quite As Expected Amid Falling Mobile Market

01 May 2018

The iPhone X will get its successor a grossly similar format with a 5.8in OLED. That would be a huge success for Apple as the iPhone X starts to lose a bit of its shine. Eventually, however, the Apple analyst believes that it would only be a matter of time before 3D Touch is completely retired from the company's devices.

Apple's share in the Indian market may have taken a hit in the Q1, 2018, however, that is no indication of the company's profits in the market.

"That lower-priced iPhone X, essentially, should be a successful product".

The second Apple earnings report of 2018 is set to come out on May 1 and Wall Street's top analysts are anxious that disappointing news is on the horizon.

Interestingly, the images also show the handset with a headphone jack, which Apple controversially chose to ditch on the iPhone 7 and more recently with the iPhone 8 and iPhone X. With high launch prices and a handful of proprietary accessories, Apple must not alienate the mass market by becoming too expensive to buy.

Face identification, dual cameras and 3D touch will probably all be missing from the new iPhone rumoured to drop in June during Apple's Worldwide Developers' Conference. Not even Apple can avoid the drop in sales before the announcement of a new lineup of devices given its predictable release cycle.

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For most companies, one product facing growth headwinds wouldn't be a concern.

Following corporation tax cuts unveiled by President Donald Trump in February, Apple announced that it would transfer $250 billion of cash stored overseas to the US.

Concerns are also being raised over the future of mobile phone market after the first quarter of 2018 or the last quarter of the fiscal year 2017 saw the first year-over-year decrease in the sales. Fiscal second quarter services revenue will hit around the $8.5-billion level reported in the holiday quarter.

But analysts aren't panicking just yet, and that's all thanks to Apple's other revenue streams.

"This would imply Apple repurchases $210 billion in shares and pays $52 billion in dividends over the next three years", the bank said in a recent note to clients, adding that this would still leave about $30billion available for acquisitions.

Apple iPhone X Sale Not Quite As Expected Amid Falling Mobile Market