Will Apple stop making iPhone X?

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iPhone X has been in news since it was released in November last year and faced mixed reviews from customers.- Alamy Image
iPhone X has been in news since it was released in November last year and faced mixed reviews from customers.- Alamy Image

The simple problem with X is that it is too expensive.

By Web Report

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Published: Mon 23 Apr 2018, 12:00 AM

Last updated: Mon 23 Apr 2018, 7:59 PM

According to an analyst, iPhone X may be discontinued this year owing to the oversupply of chips and high prices.
Taiwan Semiconductor Manufacturing (TSMC), the world's largest semiconductor foundry company, saw its shares clos 6.3 per cent lower on Friday after reports first surfaced. According to Neil Campling, the co-head of the global thematic group focusing on technology at Mirabaud Securities, the oversupply of chips and high prices are the reason for iPhone X production to be discontinued.
This 'has never been higher', RT news quoted Campling as saying in CNBC. Campling's company has tracked inventory data at TSMC for more than 10 years and revealed the problems at TSMC will raise concerns about AMS, Apple's key supplier for the iPhone X's Face ID feature which unlocks the smartphone when you look at it.
Further, the record inventories at TSMC show that Apple will not be producing more iPhone X models next year, Campling said. "With the declines in iPhone X orders and the inventory issue at TSMC at record highs, which basically reflect a need to burn off inventory. Why? Because the iPhone X is dead," he added.
Campling said, "The simple problem with X is that it is too expensive. Consumers are turning their backs on high-priced smartphones."
The analyst said he expects that Apple would produce cheaper models on new iPhones, which would cost around $500 instead of the current $999 price.
Moreover, iPhone X has been in news since it was released in November last year and faced mixed reviews from customers with its Face ID feature raising concern over security and privacy. Apple Stock was significantly down on Friday, losing almost 3 per cent, falling to $167.73 (Dh614 approx) per share.


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