Apple stock reverses course due to lackluster iPhone X demand

Apple stock reverses course due to lackluster iPhone X demand

In the era of Tim Cook, Apple has had a hard time with one thing. Supply for its demand.

Demand was created when Apple released the iPhone X as something revolutionary and a game changer.  The integration of technology that gets rid of the home button in favor of facial recognition was something huge for Apple and a big departure from what it had done in the past.  Demand for the phone among its fanboys was incredible, however with long production delays, consumers found alternative ways to cope, including not purchasing it.  After the gimmick of facial recognition, full LCD bezel to bezel and no home button wore off, fans were unwilling to wait for the phone.  They made due with their iPhone 7+, just like I have.

iPhone X

iPhone X captivated the Apple Fanbase, but has had huge supply issues

Not to mention the steep $1000 barrier to entry into the iPhone X basic model.  I found carriers unwilling to make the iPhone X affordable.  With the T-Mobile Jump! program, they wanted me to place a downpayment of $250 PLUS pay taxes on the unit of $199, whereas the last iPhone I purchased I only had to pay the taxes.  Now that we are in February, Apple is due to release its latest set of phones this fall, many (Like ME) say they will wait for the net version.

What does this mean for the Apple stock and future of the company.  Well, the future is always bright at Apple.  They have a huge cash flow and just announced they will be investing BILLIONS into the US economy.  As far as the short term stock price?  Demand for the iPhone X will be disappointing, but that is only because Apple waited so long to fix their supply issues for the phone.  Sure, I can now go into a carrier and pick up my phone no problem, but it took too long to get to this point.  I may as well wait it out for the next latest and greatest iPhone X+.

If you still want one, pick one up here: Apple – iPhone X

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