Monday, November 20, 2017

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

  • 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

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