Apple Inc.'s 2019 iPhone Problem

Apple's (NASDAQ: AAPL) fiscal 2018 -- that's the year that began on Oct. 1, 2017 -- is poised to be a big one for the company. Thanks to the introduction of the iPhone X, which represents the first radical redesign of Apple's all-important iPhone product since the introduction of the iPhone 6-series in the second half of calendar-year 2014, Apple is expected to see a surge in iPhone unit shipments as well as robust iPhone average selling price growth.

Those two factors are expected to contribute to significant revenue growth for the year.

Apple's next iPhone product cycle stands to be even bigger as the company introduces an iPhone X-like device at a more accessible price point as well as a larger version of the iPhone X to appeal to smartphone buyers' increasing preferences for bigger-screen devices.

Source: Fool.com