Apple, Inc. Has Nothing to Worry About With Its New iPhone

Apple, Inc. Has Nothing to Worry About With Its New iPhone

All those people worrying Apple (NASDAQ: AAPL) wouldn't be able to move a $1,000 iPhone can relax. Demand is apparently "off the charts" for the iPhone X with pre-orders for the device selling out within minutes of being made available last week.

The problem may not be that too few people wanted the new smartphone, but rather too many do.

Worldwide iPhone X pre-orders are expected to exceed 40 million units by the end of the year, according to an analyst at GBH Insights, but there may only be 20 million units available. Worse, there have been reported production problems that may inhibit Apple's ability to make even those lower numbers.

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Source: Fool.com