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Apple Partner Worried About Poor iPhone 8 Sales as Everyone Wants the iPhone X

Softpedia Friday, 10 November 2017
Apple Partner Worried About Poor iPhone 8 Sales as Everyone Wants the iPhone XIt’s a well-known fact that a significant number of iPhone buyers delayed the purchase to get the anniversary iPhone X, and this obviously translates to slower sales for the iPhone 8 and iPhone 8 Plus. And now that the iPhone X is up for grabs, the iPhone 8 sees even lower sales figures, with assembler and Apple partner Pegatron expecting a substantial cut in orders in early 2018. Chief Financial Officer Charles Lin of Pegatron said in an earnings briefing that he expects orders to drop by as much as 50 percent in the first quarter of the year. And while the CFO hasn’t named Apple directly, the iPhone maker is currently Pegatron’s biggest client, generating around 60 percent of the company’s revenue. "We often experience significant seasonality correction in the first quarter, a traditional low period, of the year, and 2018 is no exception. I don't see any good sign to change that at the moment," he was quoted as saying by
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Source: Bloomberg Global Business - < > Embed
News video: How iPhone X Will Impact Apple Earnings

▶ How iPhone X Will Impact Apple Earnings 02:08

Nov.02 -- Apple will report fiscal fourth-quarter earnings after the close of trading today. Bloomberg's Mark Gurman has a preview. He speaks on "Bloomberg Markets."

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