Apple, Inc. Sales and Earnings Are Set to Soar, Thanks to the iPhone X

Since Apple (NASDAQ: AAPL) revealed its new iPhone lineup back in September, it has been clear that the company's holiday-quarter performance would depend greatly upon supply and demand for the pricey iPhone X. Initially, many investors were worried about severe supply constraints for Apple's most ambitious phone yet. Others were afraid that the iPhone X's starting price of $999 would sharply limit demand.

The latter concern was quickly laid to rest after Apple saw massive pre-order demand for the iPhone X in late October. The supply concerns also began to fade after Apple provided strong guidance for the first quarter of fiscal 2018.

Recent iPhone X usage data indicates that supply is improving very rapidly -- perhaps even faster than Apple had expected. As a result, Apple's forecast from a few weeks ago may turn out to be overly conservative.

Source: Fool.com