Reviews of the new Apple Watch Series 3 published yesterday, including our own review, which revealed a bug in the way the new, LTE-equipped Watch tries to connect to WiFi networks when the Watch is away from the phone.
Indifferent reviews of the iPhone 8, which comes 10 years after Apple released the first version of the revolutionary phone, drove down shares of the company to near two-month lows of $152.75 on Thursday, as investors anxious pre-orders for the device had come in well below previous launches.
The iPhone 8 went on sale in stores Friday-and to say the least, it wasn’t the type of launch you are used to seeing for Apple products. Apple’s Sydney store usually sees hundreds of people outside waiting for a new iPhone, but this time around there fewer than 30 people lined up. A pleasant surprise found in the teardown is that the iPhone 8 sports a modem that is capable of gigabit LTE speeds, but unfortunately you will not be able to experience those. A reviewer in the Verge reports: “While writing my review of the Apple Watch Series 3 with LTE capabilities, I experienced notable connectivity issues”.
The iPhone X is not available in India.
KGI, according to 9to5 Mac, illustrates other challenges for Apple to meet order demands.
Though the iPhone 8 and 8 Plus will only be available for about nine days in Apple’s third quarter, the launch can still have a meaningful impact on results.
The share price decline breaks a pattern established in seven of Apple’s last ten launches.
There’s no guarantee Cook’s optimism means Apple can hit its guidance. In other words, it got me through a day, but not much further.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.