- (AAPL) is seeing “very strong demand” for its top-of-the-line iPhone X in China, with consumers preferring the device with more memory and thus a higher price tag. According to the.
- Apr 2, 2014 - Mac Pro's long wait of delivery confirms Apple's long-term grip on the creative industry. Radical aesthetics and modular build makes the new.
is seeing “very strong demand” for its top-of-the-line iPhone X in China, with consumers preferring the device with more memory and thus a higher price tag. That’s according to RBC Capital markets, which reiterated its rating and $190 on Apple this week, predicting the Cupertino, Calif., iPhone maker will see “healthy” sales for Chinese New Year, with demand “very strong” across several of its models. What’s more, RBC analyst Amit Daryanani said in a research note to clients that respondents of a recent survey showed a “very strong preference” for the iPhone X despite the price point. (See also:.) Some “62% of respondents interested in buying an iPhone preferred iPhone X, which compares to 28% of respondents in our US iPhone survey,” wrote Daryanani in the note, which was covered. “This likely means tailwinds strong mix and higher should be particularly strong in the Chinese market.” (See also:.) More Memory, Please According to the analyst, 66% of survey respondents who plan on buying an iPhone X are going with the higher memory storage model while 64% of potential iPhone 8 and iPhone 8 Plus buyers showed an interest in the higher memory model.
Daryanani said it's slightly higher than the Wall Street investment firm’s U.S. Survey which showed 57% of iPhone X buyers want the device with more memory. As for the lead times to get an iPhone X, the analyst said the improvement from the initial month or more wait isn’t due to a lack of demand but more about supply catching up with demand after shortages when the new iPhone X was launched. For Apple, any inroads in China are a welcome development given that it has struggled to gain a foothold in a country that is home to a slew of mobile phone makers, some of which are copying Apple’s developments but at a lower price point.
Heading into the launch of the iPhone X, there were concerns that Chinese consumers would balk at paying more than $1,000 for an iPhone, but based on commentary and surveys by Wall Street, the iPhone X appears to be resonating with consumers. Saying Apple’s best days are ahead in China, earlier this month Morgan Stanley analyst Katy Huberty said the number of iPhones in China that can be upgraded is 56% higher than in 2015 when the iPhone 7 was launched. As a result, she thinks China could represent 74 million iPhone units in fiscal 2018, which is a lot higher than the 41 million unit sales in China for the fiscal year ended in September. Huberty has an rating on Apple and a $200 price target.
Very Strong Demand For Macros
May 6, 2017 - Apple CEO Tim Cook revealed that the strong demand for the latest. Among other specs, the MacBook Pro 2017 is expected to get an.