Business

JPMorgan: iPhone 8 isnt delayed, but quantities will be limited

JPMorgan analysts predicted that the anniversary iPhone 8 will arrive on time and will start selling in the usual end-of-September timeframe. The only caveat is the units wont be nearly enough, meaning it will be hard to actually purchase.

In a report to investors, JPMorgans Rod Hall said they expect a small amount of late September EMS output for the Pro model and then ramping production through October. Target output levels would be achieved in early November. According to the analysts, rumors about delays are based on dated reverberations of decisions made back in the spring.

The company expects Apples phone to cost more due to new features, such as OLED screen, wireless charging and face recognition that increase the production costs. JPMorgan predicts the iPhone 8 is going to cost $1,100, with $100 more than the previously rumored price.

Two days ago Morgan Stanley analysts predicted the supercycle is happening with a delay. Earlier reports suggested an arrival date one to two months after the unveiling that is bound to happen in September.

Source