Are you one of the proud new owners of the iPhone 8 or iPhone 8 Plus? You're probably enjoying all the new improvements it has over its predecessor, the iPhone 7 - faster A11 Bionic processor, TrueTone and HDR compatible display and, of course, the introduction of wireless charging.
However, news is emerging that the new flagship smartphones are falling short of market expectations and it's forcing Apple to do one thing that it hasn't done in the history of iPhones. Is the iPhone 8 a cause for concern in Cupertino?
Is the iPhone 8 a flop?
According to reports, Apple's shares dropped by 2.8 percent on Thursday morning after news broke out from Taiwan that the company has cut back orders for the iPhone 8 and iPhone 8 Plus by almost 50 percent for the rest of 2017.
According to Taiwan’s Economic Daily News, this is the first time Apple has scaled back production orders on iPhones this early in its cycle.
This slowdown in production is likely related to lower than expected sales numbers, with the older iPhone 7 models even outselling their newer iPhone 8 counterparts.
What gives? The iPhone 8 has a faster processor, and for the first time ever in the history of iPhones, wireless and fast charging, so why are customers not rushing to get the new handsets as usual?
Well, part of the problem is that, if you think about it, these new iPhones are not the latest and greatest among phones. They're essentially just the "S" upgrades of the iPhone 7 and the iPhone 7 Plus.
Except for a few hardware tweaks, their form factors are virtually unchanged from the iPhone 6 (which came out three years ago!)
Even with the faster processor and the inclusion of wireless charging, these new features are not compelling enough, especially now that the iPhone 7 is around $150 less than an iPhone 8.
We, ourselves have reservations about getting the iPhone 8. Click here to see if it's worth upgrading to the iPhone 8.
How about the iPhone X?
Another probable reason why iPhone 8 sales are slumping is due to the impending release of the iPhone X, slated for November 3.
The iPhone X will have the revolutionary updates Apple fans are waiting for: edge-to-edge OLED screen, no home button, and a new facial recognition biometric system.
If anything, although iPhone 8 sales are slumping, this may actually be good news for Apple, since it suggests that people are willing to wait and maybe pay the premium $999 price of admission for the iPhone X.
What do you think? Will iPhone 8 sales pick up when the iPhone X is finally released?
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