How To Get An iPhone X On Launch Day

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IPhone sales were once again top of mind when Apple released the earnings report for its fiscal fourth quarter Thursday, and the company didn't disappoint investors: Apple sold 46.7 million iPhones during its most recent quarter, which is 1.2 million more than during the same time a year ago.

The iPhone X's lush screen, facial-recognition skills and $1,000 price tag are breaking new ground in Apple's marquee product line.

Positive reviews for the new device and expectations that many users are on the verge of upgrading from older iPhones have sent Apple's stock to record highs, pushing it closer to becoming the first publicly listed company with a stock market value above $1 trillion.

Apple opened pre-orders for the iPhone X on October 27 and has said demand has been "off the charts", although some analysts have been anxious about supply chain issues that might prevent the company from making enough phones to satisfy demand.

Net profit rose 19 per cent from a year ago to US$10.7 billion in the fiscal fourth quarter to September 30, Apple said.

For Apple, which is looking to rev up sales in China after several quarters of declining revenue there, the test is that Gu is not alone.

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Behman said he camped outside the store for a week and said he plans to sell the phones on for around A$3,000 each.

Most Australians buyers are expected to buy the premium iPhone X on a contract, however, which could prove more challenging.

Ahead of the November 3 release of the redesigned glass and stainless steel device, some analysts have questioned its price tag: At $999 for the base model, it is the most expensive iPhone to date.

In Singapore, there are "hundreds" waiting for the iPhone X outside Apple's freshly-opened store.

Even supply chain solution provider Redington India and HCL Infosystems that sell newly-launched iPhones on their partner stores were yet to send any information on iPhone X. Apple must also be improving its margins because the associated revenue increase was a whopping 25 percent and up 28 percent from the previous quarter. Analysts predicted revenue of $84 billion, according to data compiled by Bloomberg.

Production problems have marred the release of iPhone X but the company is still forecasting revenues of between $84bn and $87bn for the next quarter compared with $78.4bn for the same period a year ago. That would be slightly better than the same time past year. He said he expects the current quarter to be the company's biggest ever, after a "sensational year" for 2017.

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