Apple & GE hoping for an iPhone effect?

More people are buying Apple iPhone 7 than iPhone 8 – here's why

Now, a few weeks after the first of those devices, the iPhone 8, hit the market, it looks like that gamble isn't paying off.

Apple (NASDAQ AAPL) traded down 2.82% during mid-day trading on Tuesday, reaching $155.26.

We heard previously that sales of the iPhone 8 Plus was selling more handsets that Apple had expected, so it is hard to know exactly what is happening with sales of Apple's new iPhones.

Apple has cut orders linked to iPhone 8 models by more than 50% over the rest of the year, the Taipei-based Economic Daily News reported, citing unidentified supply-chain sources.

The production cuts are a major blow for the brand-new iPhone 8, which earlier in the week was reportedly being outsold by last year's iPhone 7.

That could mean that shipment numbers could total just five to six million units per month in November and December, well below the estimated demand for 50 million units of the other new release, the iPhone X, when preorders begin on October 27.


There are no concrete iPhone 8 sales numbers available - Apple didn't respond to our request for the data - but outside sources have provided anecdotal evidence that the device hasn't been well received by consumers.

"iPhone 8 demand has been naturally soft out of the gates with the main event being the iPhone X launch in early November".

Multiple reports have pointed to production bottlenecks created by the iPhone X's TrueDepth camera, sharply constraining output. The iPhone X, which goes on sale November 8, features an all-new design with an edge-to-edge OLED screen and revolutionary facial recognition technology. The anticipation of the more advanced iPhone X would have caused the low iPhone 8 sales after the opening weekend. The iPhone X will be Apple's first iPhone to have an edge to edge screen and will not have a home button.

Plus, the shadow of the looming iPhone X appears to be tamping down interest in the iPhone 8.

Three Apple iPhones showing three different parts of Apple's App Store.

Rogers Communications chief Joe Natale said anticipation was high for the iPhone X but also noted that inventory would be limited and that - at Apple's starting price of $999 - it was an expensive device.

Related News:

  • Bombing Targets Pakistani Security Forces, Killing At Least Seven

    Bombing Targets Pakistani Security Forces, Killing At Least Seven

    Security forces have reached the location and cordoned off the area, and a security sweep is underway, it said. PM Abbasi expressed deep grief and sorrow over the loss of precious lives during the terrorist attack.
    Lego Excludes Important 'Hidden Figure' From Women Of NASA Collection

    Lego Excludes Important 'Hidden Figure' From Women Of NASA Collection

    Today (Oct. 17), Lego announced that it would start selling its " Women of NASA " collection on Oct. 28 in NY and November 1 globally.
    Oil prices buoyed by persistent Middle East tensions

    Oil prices buoyed by persistent Middle East tensions

    Civilian workers at both fields were reportedly sent home following a build-up of Iraqi military forces around the sites. That, along with Iraqi forces taking control of Kurdish oil facilities in Northern Iraq , are threatening supply.
  • Nuclear War Likely on the Korean Peninsula: North Korea

    Nuclear War Likely on the Korean Peninsula: North Korea

    As reported by Fox News , Secretary of State Rex Tillerson yesterday said that diplomacy will continue with North Korea , "until the first bomb drops".
    2nd ODI: Zaman departs early as Pakistan at 25-1

    2nd ODI: Zaman departs early as Pakistan at 25-1

    Opener Fakhar Zaman departed early as Pakistan is 25-1 in second One Day International (ODI). SLC president Thilanga Sumathipala will also come with his players.
    U.S.  withdraws from UNESCO

    U.S. withdraws from UNESCO

    The Israel controversy re-ignited this summer after UNESCO named Hebron's city center a Palestinian World Heritage Site. He said UNESCO had "turned into a theatre of the absurd; instead of preserving history, it twists it".
  • Two arrested over attack on Australia's team bus in Guwahati

    Two arrested over attack on Australia's team bus in Guwahati

    Two people have been arrested as police investigations into the incident continue, the Press Trust of India reported. The BCCI, ICC or Cricket Australia are yet to respond to the incident.
    UAE to outpace regional growth, says International Monetary Fund

    UAE to outpace regional growth, says International Monetary Fund

    Forecasts for eurozone, Japan, China, emerging markets and Russian Federation were all revised upwards. Egypt's consumer price inflation for the fiscal year is projected at 21.3 percent, the report showed.

    Washington Post Says Google Finds 'Russia-Paid Ads', Tech Giant Doesn't Confirm

    There is a chance that Google may find other ads from Russian-linked accounts , the person familiar with the investigation said . Others were about the United States immigration policy, an apparent attempt to promote division among the American people.
  • Paris hopes to ban gas-powered cars in city by 2030

    Hidalgo also introduced car-free days and zones as well as a 20-mph (32 kph) speed limit throughout the city. The world's most visited city, Paris , plans to prohibit fossil-fueled cars from entering city before 2030.
    Palestinian rivals Fatah, Hamas sign pact

    Palestinian rivals Fatah, Hamas sign pact

    Fatah and Hamas met over the past two days in Cairo as part of reconciliation talks sponsored by Egypt. He added that sanctions taken by Abbas against Gaza will also soon be lifted.
    Mother leaves behind toddler in corn maze

    Mother leaves behind toddler in corn maze

    Twelve hours later, the mother noticed her son was missing and called police, according to Spanish Fork police Sgt. Staffers called on a bullhorn and even walked through the maze searching for his family but couldn't find anyone.


Most liked

Lighthizer Slams Canada and Mexico for Refusing to Accept NAFTA Reforms
It also rejected the Trump administration's suggestion that the trade agreement should be up for renewal every five years. The next round of talks will take place in November in Mexico.

British pound sinks as BOE members signal unwillingness to raise rates
Consumer spending figures due out today are expected to reflect a continued upward trend in inflation. She added that a premature rate hike could prove more costly to the economy than an early rate cut.

North Korea lawmaker: Need nukes because of U.S. threat
Kim has fired scores of missile test this year and detonated a H-bomb as the fears of war reach fever pitch in the Korean Peninsula.

At least 7 killed in building collapse in Bengaluru
The deceased were identified as Maladri, 25, Pavan Kalyan, 19, Prasad, 18, Ravichandran, 46, and Kalavathi, 68, the official said. Personnel of the fire brigade and National Disaster Response Force recovered the bodies including that of two women.

[Match Highlights] Watford 2-1 Arsenal - All The Goals And Best Bits
Watford were then awarded a penalty after 71 minutes and their captain slotted it away. Marco Silva brought on Deeney and the home side went more direct.

How to Watch Patriots vs. Jets
The team rallied and finished the game strong, earning a 24-17 win behind a controversial call by the officials against the Jets . When Todd Bowles' team took a 14-0 lead on Sunday afternoon, the Pats were in danger of losing their third games in six weeks.

Tillerson on North Korea: Diplomacy will continue 'until the first bomb drops'
And they feed on it. "I will work as hard as I can to implement his decisions successfully". He called the Trump administration "unconventional", including his role within it.

Day after auto theft, CM urges LG to strengthen law and order
Following this, police officials have started circulating the pictures of the accused in the different areas in Delhi. It was also used by Kejriwal during his campaign for the first election that he contested.

Patna University's centenary celebrations may bring PM Modi, Nitish and Lalu together
During his visit, development projects worth Rs 3,700 crore would be launched by the Prime Minister. PM said, "Delighted to come to a land closely associated with Dinkar Ji".

US 'Emotional' Withdrawal Not Affecting UNESCO - Russian Culture Minister
Then in 2013, after the U.S. had missed several payments to UNESCO , its voting rights were suspended. Macron was seeking Trump's support for a French candidate seeking the top job at UNESCO .

Trump to announce Iran nuke deal decision 'very shortly'
Iran has always insisted that its nuclear program is for peaceful purposes and denies it has aimed to build an atomic bomb. He would not say whether he would be open to other changes, stressing new conditions might violate the deal.

United Kingdom will not confirm drone death of IS 'White Widow' recruiter
Hussain, who died in a U.S. drone strike in 2015, was accused of planning "barbaric attacks against the West". A 2015 airstrike killed Hussain, and now experts say she died the same way, along with her 12-year-old son.

Is Jerry Jones' anthem stance legal? Here's what labor lawyers say
Some states have their own First Amendment-style protections, and they can include protection of political speech, Tushnet said. Added Dallas-based labor lawyer Rogge Dunn of Clouse Dunn : "Jones can do what he wants".

Andy Murray will return for Australian Open claims tournament director
Meanwhile, Tiley could not guarantee wayward Australian Bernard Tomic would get a start in the men's draw. In the 2018 edition of the tournament, the prize money pool has increased by 10% to AU$55million (£32.4m).

Walmart streamlines returns process with new mobile effort
That company generated the majority of its roughly $136 billion in sales from online shopping previous year . They are also now looking into applying the same process to third-party sellers on the Walmart website.