Apple iPhone X may be hurting iPhone 8, iPhone 8 Plus sales

As the sale of iPhone 8 and iPhone 8 Plus began in several countries on Friday, queues outside Apple Stores were shorter than previous years, and the growing craze to own “super premium” iPhone X is likely to be the reason. Various Apple Stores across the world reportedly saw a lot thinner crowd, far fewer than last year’s iPhone 7 launch.

Most people seem to be holding out for the crown jewel of this year’s iPhone series — the iPhone X – launched with prices starting at $999. Even on home turf, the Apple Store at San Francisco’s Union Square did not perform well. “A 38-year old tourist from Brazil, Thais Aguilar, was contemplating whether to get an iPhone 8 before she flies back home Saturday. After a while, she decided to wait to buy an iPhone X back home, and pay possibly three times as much as the $999 price in the US,” the report added. Instead, Aguilar opted to buy Apple Watch Series 3. “Many other customers also seemed to prefer buying Apple Watches instead of iPhone 8 and 8 Plus, the report added. This confirms earlier reports that iPhone X will cannibalize iPhone 8 orders. DON’T MISS: Apple iPhone 8 and iPhone 8 Plus Hands-On and First Impressions: Incremental upgrades over the iPhone 7 duo

 

“While it takes three to six weeks or more to ship new iPhone models after they are available for preorder, they see the iPhone 8 taking less than one to two weeks. This is due to the iPhone X cannibalization,” Ming-Chi Kuo,  analyst with KGI Securities, said. Kuo, however, said the new Apple Watch Series 3’s (GPS + Cellular version) could be a runaway hit.

“We estimate the preorder weighting of the GPS + Cellular version is 80-90 percent. While not available in all countries, most users have pre-ordered the GPS + Cellular version because it offers phone and internet access functions without an iPhone and given the low premium of $70 over the GPS version,” the analyst predicted.

Apple’s iPhone 8 and iPhone 8 Plus were made available from September 22 in the US, Australia, Canada, China, France, Germany, Hong Kong, Singapore, the UAE, the UK, and other countries. Apple would launch iPhone 8 and iPhone 8 Plus, starting Rs 64,000, in India on September 29 while pre-bookings started on September 22. The iPhone X will come to India on November 3, with price starting from Rs 89,000.