Often reliable KGI analyst Ming-Chi Kuo said in a memo to investors that it is highly unlikely that Apple will integrate a 7P (seven-lens plastic array) or 2G3P (two glass, three plastic) design in the iPhone X successor's camera. If the iPhone X is a big hit, that could fuel growth of offerings like Apple Music and iCloud storage in coming years.
Positive reviews for the new device and expectations that many users are on the verge of upgrading from older iPhones have sent Apple's stock to record highs, pushing it closer to becoming the first publicly listed company with a stock market value above $1 trillion.
Subsequent Apple's freshest news, people were waiting for the much-hyped iPhone X that was promoted as the eventuality of super smartphones.
But Cook last week said pre-orders of the iPhone X were "off the charts", while the company's website showed delivery times pushed out to five to six weeks for the phone.
Net profit rose 19 per cent from a year ago to US$10.7 billion in the fiscal fourth quarter to September 30, Apple said.More news: IN gas prices will continue to rise before they go back down
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Of the iPhone figures cited, "we believe less than 10% of that is the 8", says Daniel Ives, an analyst with GBH Tech Research.
Apple Chief Financial Officer Luca Maestri told Reuters on Thursday the company was "quite happy" with how manufacturing of the iPhone X was progressing, noting that "production is growing every week, and that's very, very important during a ramp period". The new iPhone also requires more sophisticated components to power the facial-recognition technology for unlocking the device. Apple sold a whopping 46.7-million iPhones, up from their ever-so-slightly lower 45.5-million units sold during this same quarter one year ago.
Making the iPhone X is proving to be a challenge because it boasts a color-popping OLED screen, which isn't as readily available as standard LCD displays in other iPhone models.
A larger queue formed around Apple's Sydney store for the iPhone X than the iPhone 8, released last month. Analysts, who have already factored in the supply challenges, expected $85.2 billion, according to FactSet. Nonetheless, the iPad still contributed $4.8 billion to Apple's revenues.
On Thursday, Apple predicted revenue for this quarter from $84 billion to $87 billion. On the plus side, you're unlikely to run out of storage any time soon and your odds of getting hold of a handset will be better: most customers avoid the highest capacity model to save a few bucks.