Apple iPhone X hurting iPhone 8, iPhone 8 Plus sales

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As the sale of iPhone 8 and 8 Plus sales began in several countries on Friday, queues outside Apple Stores were shorter than previous years and the growing craze to own a�?super premiuma�? iPhone X is likely to be the reason, media reported. The various Apple Stores across the world reportedly saw a lot thinner crowd, far fewer than last yeara��s iPhone 7 launch, tech website CNET reported on Saturday.

Most people seem to be holding out for the crown jewel of this yeara��s iPhone series launched a�� the iPhone X, costliest of them all with price starting at $999. Even on home turf, the Apple Store at San Franciscoa��s Union Square did not perform well.

a�?A 38-year old tourist from Brazil, Thais Aguilar, was contemplating whether to get an iPhone 8 before she flies back home Saturday. After a while, she decided to wait to buy an iPhone X back home and pay possibly three times as much as the $999 price in the US,a�? the report added.

Instead, Aguilar opted to buy Apple Watch Series 3. a�?Many other customers also seemed to prefer buying Apple Watches instead of iPhone 8 and 8 Plus, the report added. This confirms earlier reports that iPhone X will cannibalise iPhone 8 orders.

a�?While it takes three to six weeks or more to ship new iPhone models after they are available for preorder, they see the iPhone 8 taking less than one to two weeks. This is due to the iPhone X cannibalisation,a�? Ming-Chi Kuo, the most famous Apple analyst with KGI Securities said earlier this week. Ming, however, said the new Apple Watch Series 3a��s (GPS + Cellular version) could be a runaway hit.

a�?We estimate the preorder weighting of the GPS + Cellular version is 80-90 per cent. While not available in all countries, most users have pre-ordered the GPS + Cellular version because it offers phone and internet access functions without an iPhone and given the low premium of $70 over the GPS version,a�? the analyst had predicted.
iPhone 8 and iPhone 8 Plus were made available from September 22 in the US, Australia, Canada, China, France, Germany, Hong Kong, Singapore, the UAE, the UK and other countries. Apple would launch iPhone 8 and iPhone 8 Plus, starting Rs 64,000, in India on September 29 while pre-bookings started on September 22. The iPhone X will come to India on November 3, starting Rs 89,000.

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