An analyst is causing a big stir in the Apple world with a new report which claims that the iPhone X is going to be killed this year. However, his assertions are being challenged by other reports which question his conclusions.
Mirabaud Securities analyst Neil Campling has declared the iPhone X as dead based on inventory issues at Taiwan Semiconductor Manufacturing (TSMC). The company recently revised its full-year revenue target to the low end of its forecast. He believes this is because of an oversupply of chips, blaming Apple for the situation.
Apple is apparently not buying components for future iPhone X models. Campling says orders are in decline as the handset is too expensive at $999, with consumers turning their back to high-priced smartphones. Current stock will continue to be sold for now, but new units are supposedly not coming.
While there have been reports of Apple reducing iPhone X component orders, it’s a big leap to assume that the firm is going to discontinue its hyped-up flagship after just a year. It’s more likely that the company is simply going to replace the phone with a sequel in September, granting it the same 5.8-inch OLED form factor.
Apple typically continues manufacturing and selling older handsets after launching new ones at discounted rates, but the iPhone X might be an exception to this. That’s because the 3 alleged iPhones coming out this year start at cheaper costs, with the entry-level 6.1-inch LCD iPhone rumored to begin at $550 (approx Rs 36410).
It wouldn’t make sense for Apple to have a cheaper iPhone X lying around, interfering with its new lineup. Plus, it’s unfair to blame all of TSMC’s woes on the brand when it has other clients which might be negatively impacting its revenues.