Rogers, the largest wireless carrier in Canada, has admitted that it has seen lackluster demand for the iPhone 8 so far.
"What we're seeing is sort of […] anemic appetite for the iPhone 8," said Rogers CEO Joe Natale, during an earnings call today, according to Reuters.
iPhone 8 and iPhone 8 Plus pre-orders began on September 15, and the devices launched on September 22, including at Rogers.
Earlier today, China's Economic Daily News claimed Apple has asked its suppliers to reduce iPhone 8 and iPhone 8 Plus production by nearly 50 percent in November and December, just days after iPhone X pre-orders begin.
The report cited an unnamed source who claimed it is the first time in the iPhone's ten-year history that new models will face a major cutback less than three months after Apple suppliers began mass production in China. Given the staggered release of the iPhone X, however, this isn't a typical launch to begin with.
Apple shares declined around 1.5 percent in pre-market trading today as investors reacted to the news, dragging down the Dow Jones.
While many industry observers believe any negative sentiment surrounding the iPhone 8 and iPhone 8 Plus spells good news for iPhone X demand, Natale warned about the device's higher price and potential supply constraints.
"The iPhone X price point is about 75 percent higher than the iPhone 7. So it's a very expensive device," he said, referring to the device's $1319 starting price in Canada. "Inventory is a question mark in terms of what we will get."
iPhone X pre-orders begin next Friday, October 27 in several countries, including the United States and Canada. The device launches November 3.
Top Rated Comments
Exactly what I have been saying if the customers don't get help from the carriers (rebates, installment, etc) Apple could be in trouble even matching last year's numbers. The number of folks outside the US able to outright purchase $1000-1500 phones its likely small or not the size Apple is expecting.
* iPhone 8 — not different enough from iPhone 7 to justify an upgrade
* iPhone X — way too expensive for most people
And, something else that I don't think many people have considered -- how many folks are going to skip the iPhone X outright, due to it's price? The sample group here on the GeekWebGuides forums isn't indicative of the rest of the buying public's purchase behavior. Only time will tell. Will be interested to see how this pans out.