Will Apple, Inc. Hit Its Guidance After All?
When Apple (NASDAQ: AAPL) announced its iPhone earlier this month, investors braced for a possible delayed launch for the company's important new flagship iPhone X. The ever-active Apple rumor mill was buzzing with reports that the new device was suffering production constraints -- a dilemma that could push the iPhone X's launch later than typical iPhone launches.
Sure enough, this is exactly what happened. While Apple's new iPhone 8 and 8 Plus were available at Apple's stores on Sept. 22, in line with Apple's previous iPhone launches, the tech giant's totally redesigned iPhone X isn't slated to hit retail stores until Nov. 3 -- more than a month later than Apple's flagship iPhones usually start shipping to customers.
Later availability for Apple's iPhone X had some analysts wondering how the tech company would hit its guidance for its fourth quarter. With many customers expected to wait for the iPhone X, there was concern that Apple may not be able to deliver the year-over-year revenue growth it said it expected.
Source: Fool.com
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