Magazine

Analysts Admit They Were Wrong About iPhone X, Predict $849 Price for 6.1″ LCD iPhone

Posted on the 09 September 2018 by Jdymisster @jdymisster
Analysts admit they were wrong about iPhone X, predict $849 price for 6.1″ LCD iPhone
We’re less than a week away from Apple’s introduction of the 2018 iPhones, and as is usually the case, analysts are coming out of the woodwork to express their bullish opinions on AAPL. Both Piper Jaffray and Goldman Sachs have published new investor notes on Apple, detailing the effects next week’s new iPhones will have on the company.
As noted by CNBC, Goldman Sachs has upped its price target on AAPL to $240, a significant increase compared to the $200 target the firm had previously placed on Apple. In a note to investors, Goldman explained that this increase comes as a sort of mea culpa as it previously been cautious on Apple due to uncertain demand for the iPhone X:
“We also take this opportunity to eat our hat somewhat on our cautious stance this Summer,” Goldman analyst Rod Hall said in a note. “We had expected worse iPhone X demand and some pullback in the stock — clearly neither of these two things happened.”
Because of the seemingly higher iPhone X demand, Goldman Sachs says it does not see Apple targeting the lower-end of the market with the 6.1-inch LCD iPhone set to be introduced next week. Instead, it predicts an $849 starting price – which is significantly higher than the $699 some have predicted.
Theoretically, this would then but the 5.8-inch iPhone Xs at around $949-$999, and the iPhone Xs Max above that.
Goldman estimates Apple will price the iPhone 9 at $849, rather than the $699 some have speculated. The firm sees “some flexibility down to $800” for the iPhone 9 offering but doubts Apple will “go for lower price points” after iPhone X demand was more than expected the last few months.
“Apple is once again proving itself tough to bet against,” Hall added.
Investors don’t always have the best track record when it comes to iPhone pricing, but nevertheless their supply chain-based estimates are generally worth noting.
Meanwhile, MarketWatch reports that Piper Jaffray is equally as optimistic about Apple ahead of the new 2018 iPhones – raising its price target for the company from $218 to $250. The firm’s survey work shows that “nearly two thirds” of iPhones owners are using an iPhone that’s at least two years old, leading to significant upgrade demand:

Other Apple news this week:



Piper Jaffray analyst Michael Olson raised his price target on shares of AAPL to $250 from $218, ahead of the company’s expected iPhone launch event on Sept. 12. His survey work suggests that nearly two thirds of iPhone owners, or more than 500 million people, are using an iPhone model that’s at least two years old. He reiterated his prediction for a “super-long cycle,” a play on Apple’s previous “supercycle” of device upgrades, and sees a “multi-year move” to iPhones in the X family.
Apple will hold its ‘Gather round’ event on September 12th.

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Big Food Giants Manipulate Public Health Policy in China

    Food Giants Manipulate Public Health Policy China

    Coca-Cola is at it again. As soda sales decline in the United States and Europe, beverage companies look to emerging economies like China for growth. And, it... Read more

    The 15 January 2019 by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • Jewellery for a Precious You

    Jewellery Precious

    Jewellery is always close to a woman’s heart. It completes her look and boost confidence. Considering the changing trends in jewellery fashion, it becomes... Read more

    The 15 January 2019 by   Dr.jenifer Sayyed
    LIFESTYLE
  • Rajshri Productions’ Next Is A Film On Friendship | Hum Chaar | Trailer

    Abhishek Dixit’s debut feature film Hum Chaar is a Bollywood film made under the banner of Rajshri’s film. Hum Chaar is written and directed by Abhishek Dixit. Read more

    The 15 January 2019 by   Themoviean
    ENTERTAINMENT, MOVIES
  • Saint Paul the First Hermit

    Saint Paul First Hermit

    Today is the feast day of Saint Paul the hermit. This is a sweet and delicate Oatmeal Bread topped with rolled oats and naturally sweetened with agave. Saint... Read more

    The 15 January 2019 by   Veronica46
    FOOD & DRINK, RECIPES
  • Irupathiyonnaam Noottaandu | Teaser | Pranav Mohanlal | Arun Gopy

    Arun Gopy’s Irupathiyonnaam Noottaandu is an upcoming Malayalam action-drama feature film starring Pranav Mohanlal and Zaya David in the lead roles. Read more

    The 15 January 2019 by   Themoviean
    ENTERTAINMENT, MOVIES
  • A Year Of Body Positivity

    Year Body Positivity

    Last January, as I sat there on New Years eve all set to make the same old resolutions I've made year after year for as long as I can remember, I realised how... Read more

    The 15 January 2019 by   Sparklesandstretchmarks
    DIARIES, SELF EXPRESSION
  • Garden Bloggers Bloom Day – Jan 2019

    Garden Bloggers Bloom 2019

    Euphorbia rigidaWhen I went out to take the photos for this blog post I was surprised at how much was in flower dotted around the garden. Read more

    The 15 January 2019 by   Patientgardener
    GARDENING, HOME