Apple Inc. Set to Slash iPhone 8 Production
According to generally reliable KGI Securities analyst Ming-Chi Kuo (via MacRumors), Apple (NASDAQ: AAPL) is set to reduce the production of the iPhone 8, which first went up for sale on Sept. 22, by between 50% and 60% in the current quarter.
The production cut, Kuo says, is due to "fewer major selling points" and a "consumer preference for iPhone 8 Plus" given the mere $100 price difference between the iPhone 8 and the iPhone 8 Plus.
Apple marketing chief Phil Schiller. Image source: Apple.
Source: Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 148 Buy predictions and 17 Sell predictions.
With a target price of 227 € there is a slightly positive potential of 9.61% for Apple Inc. compared to the current price of 207.1 €.