Published: Tue, October 10, 2017
Industry | By Dora Warner

Prospective iPhone X buyers may be waiting until 2018 for the device

Prospective iPhone X buyers may be waiting until 2018 for the device

In the interim, iPhone sales are still going strong, relatively speaking.

Apple's iPhone 8 is expected to go on sale in South Korea in early November with preorders beginning late this month, industry sources said Sunday. UBS AG reissued a "buy" rating and issued a $170.00 target price on shares of Apple in a research report on Monday, July 31st. Apparently, even Apple demonstrated the Animoji while unveiling the iPhone 8, iPhone 8 Plus and iPhone X. This appears to be a novelty instead of the incremental upgrade to the under-display fingerprint sensors. The Cupertino-based tech giant said that they are already aware of the situation and they are now "looking into" the problem.

As per Apple, they are investigating the issue.

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The price of the iPhone 8 starts at $699, while the listed price tag for the 8 Plus starts at $799.

It seems to be like a case of faulty batteries in the new iPhones. Some of the units have arrived in that state straight out-of-the-box, while others split open after charging using Apple's official accessories.

The case comes after a number of reports across Asia revealed users had unboxed their iPhone 8 Plus, only to find it had popped open, with internal components visible.

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Preorders in the USA for the iPhone 8 were lower than for the iPhone 7 and iPhone 6, Jun Zhang, an analyst with Rosenblatt Securities, said in a note to clients on September 20.

The world's second-largest smartphone producer after Samsung Electronics already began delivering the 4.7-inch iPhone 8 and 5.5-inch 8 Plus to the first batch of countries, including the United States, China and Japan, on September 22. A few defective units can't exactly be taken as proof of an epidemic since it's common to have a couple of faulty ones in a batch of millions.

The good news at this point is that there are no reports of iPhone 8 battery exploding. Longbow Research reaffirmed a "buy" rating and issued a $173.00 price objective on shares of Apple in a research note on Tuesday, June 13th.

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