For Apple, iPhone X times $999 = Many, many billions

Samsung Note 8

Often reliable KGI analyst Ming-Chi Kuo said in a memo to investors that it is highly unlikely that Apple will integrate a 7P (seven-lens plastic array) or 2G3P (two glass, three plastic) design in the iPhone X successor's camera. However, a lot of people queuing up outside Apple stocks leaked over the preceding various years with various customers preferring to buy online, the limited production for the iPhone 8 has noticeably been due to secondary reports.

"We couldn't be more excited as we begin to deliver our vision for the future with this stunning device", said Apple CEO Tim Cook about the iPhone X.

Apple shares have climbed with the approach of the launch date, seeing a jump this week after it said pre-orders for iPhone X are "off the charts". That's higher than it expected during the same period past year, $76 billion and $78 billion, and slightly above analyst expectations.

Apple's upbeat results suggest the company is on track to deliver the biggest profit ever recorded by a USA company in the next quarter, which included the all-important holiday shopping season and the release of its latest iPhone. "The initial demand for iPhone X has been very, very strong". It's the smallest revenue category for Apple, so it's easier to make big percentage gains in that fashion, but it does point to strength in the company's smaller products.

The company also did not say whether it had concerns about building enough iPhone X units to satisfy demand; many analysts have said they've already factored likely delays that could stretch well into 2018 into their forecasts. Analysts on average were expecting $84.18 billion, according to Thomson Reuters I/B/E/S.

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Re-sellers and iPhone accessory makers generally agreed there was a buzz about the iPhone X, Apple's first phone to have a full-screen display and functions such as facial recognition security.

The redesigned Apple iPhone X gets rid of the Home button and adds a 3D face scanner.

"Apple's year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter", said Luca Maestri, Apple's chief finance officer.

The iPhone is the main profit driver for Apple, accounting for more than half its revenues, and importantly is the cornerstone for the ecosystem of other devices and services. The company sold 74.8 million iPhones in the year ago holiday quarter.

Apple has just published its financial results for Q4 2017.

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