Upcoming Apple iPhone Could Be Missing Some Features

iPhone X is the best selling smartphone in the world?

Earlier we reported that Apple is finally giving up on iPhone X as the company is planning to stop its production later this year in favor of a more affordable range of iPhones.

The notchy Android devices that we have seen appear do not use these displays on the other side.

When Apple reports its latest quarterly earnings on Tuesday, the world's most valuable company is expected to reveal revenues of about $61 billion, after selling an estimated 54 million iPhones in the three months to March.

Neil Cybart, an analyst at Above Avalon, said a dramatic increase in capital returns was the only way for the iPhone maker to achieve that goal, given it is still churning out more than $50 billion of free cash flow a year on top of its substantial existing reserves.

Meanwhile, Patrick Moorhead, Moor Insights & Strategy president and principal analyst, told CNBC that "the word "killed" doesn't make any sense at all". He and other analysts cut their iPhone sales estimates, and Apple shares where are down nearly 8 percent in the past two weeks. Apple has not confirmed if that affordable version will be a new iPhone SE. With prices like that, the iPhone X had crossed over from the premium segment to the luxury segment. Analysts are cutting their sales forecasts, sometimes drastically. Official and unofficial reports from Apple's suppliers suggest that demand for iPhone parts, in particular for the iPhone X, is a lot weaker than the company had hoped.

After the launch of the iPhone X, quite a few Android devices surfaced with the famous notch in no time.

This has resulted in Apple reducing orders for the iPhone X to 8 million units for Q2 2018.

So what will Apple replace 3D Touch with?

KGI's former analyst Ming-Chi Kuo said this new display technology - dubbed a Cover Glass Sensor or CGS - means cracking and shattering the phone screen is less likely, but he predicted it will not come out until Apple's 2019 phone releases. That could bring the price close to $700, a level that's proven successful for many years. To maintain hefty profit margins, the use of LCD panels and aluminum housings are likely instead of the more expensive OLED panels and stainless steel.

Latest News