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Apple iPhone X Expectations Are Still Too High

According to analysts, Apple iPhone X expectations are still too high, despite stock pullback. Nicolas Baratte, an analyst from CLSA says iPhone X volume forecasts remain overestimated, regardless of a correction last week.

The company’s stock cut down 2.5 percent from 50 million to 30 million.  

Baratte says, “We maintain that 2017 fourth-quarter iPhone X volumes were at 30 to 35 million and we are very skeptical that volumes will increase in the first quarter of 2018.”

However, this still doesn’t change the demand and push-out of the product. He says, “consumers who wanted to get an iPhone X in December 2017 already have it.” Nonetheless, any expectations that forecast first-quarter volume over 35 million units will be too high.

Piper Jaffray restated its overweight rating and $200 price target on the company, following a recent survey of iPhone users. This survey reinforced Michael Olson’s expectation that a significant number of new models of iPhone will be sold in the fiscal year of 2018. This increases their confidence—”Our iPhone average selling price assumption of $720, therefore, appears achievable, increasing our confidence in revenue and earnings per share estimates.”

However, if the volume is problematic for Apple in the new year, then both Olson and Baratte agree that the price for the iPhone X should be cut. These cuts could provide a cheaper option for those who are looking for more screen space on their smartphone.  

Read “Apple iPhone X expectations are ‘still too high’ despite stock pullback, analyst says” for more information.

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Apple Is Doing The Right Thing

In Replacing Old iPhone Batteries

It’s been a long-time rumor that Apple has been slowing down their devices. Sadly, this speculated rumor turned out to be true. As a way of apologizing to their customers, Apple is now offering battery swaps for $29. Yet, many folks are unclear on how qualified batteries are eligible for the replacement. For those who didn’t know, Apple Genius Bar conducts a diagnostic test. This test checks whether a battery can retain 80 percent of its original capacity at 500 complete charge. However, Apple is now allowing discounted battery swaps on iphone 6 or later, regardless of the diagnostic test.

This clarification came after Apple passed along a memo regarding the replacement policy. To this policy they added that customers who paid $79 for a battery swap prior to the offer are eligible for a refund in price difference. Though Apple doesn’t consider battery condition in the new replacement offer, it’s good to keep in mind that the battery might not be replaced if there are other damages to your phone.   

For more information check out this article, Apple will replace old iPhone batteries, regardless of diagnostic test results