In a nutshell, "We believe that there have been some iPhone X specific component order cuts over the last two weeks, particularly in the dual core battery, camera module, and 3D sensing components". During the same quarter in the prior year, the business earned $1.50 earnings per share. equities research analysts predict that Apple will post 11.15 earnings per share for the current year.
Kuo's note is interesting because it is claims Apple iPhone X might not continue for 2018, after the new models hit the market. This report comes from a trusted source and hence we expect it to be cancelled. The iPhone maker reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.20.
Angry customers have gone on Apple's online forums, complaining that when their costly phone rings, nothing appears on the screen - making it impossible to take the call.
It would be the first time that Apple has killed off an iPhone from the previous year since the iPhone 5C.
Kuo still has some positive news for Apple, though.
The company believes that the tech giant will have a disappointing 2018 in terms of iPhone sales.
It is unclear what Apple would do with the iPhone 8 and 8 Plus. Naturally, both devices will feature edge to edge displays and will utilize Face ID for user authentication as opposed to Touch ID.
This year Kuo has predicted that Apple will launch three new iPhones, a 5.5-inch model, a 5.8-inch model and a 6.1-inch model. He later clarified in a follow-up note that the iPhone X was being put out to pasture early to prevent any potential "cannibalization" of the new iPhone line that's planned for the fall, according to MacRumors.
To be clear, the iPhone X's legacy is still likely to endure, even if the phone itself doesn't. Kuo did not talk about the iPhone X sales during the 2017 holiday shopping season. The report's breakdown is considered a rought estimate, as Apple doesn't formerly break out iPhone sales by model.
Sounds like it's worth a try if you have an iPhone 6 Plus in need of a battery.
Credit Suisse analysts told their clients that the iPhone X production for the January-March quarter had been lowered to just 19 million units.