Apple's most expensive phone yet may be discontinued this year. Here's why

Apple to replace your iPhone 6 Plus with 6s Plus

According to notable Apple analyst, Ming-Chi Kuo of KGI Securities, Apple may discontinue the iPhone X next year, rather than knocking the price down from $999.

If so, then it would be the first time that Apple will not retain its previous year's model to allow for a wide range of iPhones available at many price points.

In a surprising turn of events, Apple's iPhone 8 was found to have outperformed the iPhone X during the holiday season 2017.

But the idea behind the iPhone X won't be going away completely.

Longbow Research on Wednesday lowered its rating for Apple shares to neutral from buy, predicting the company will ship fewer iPhones than expected in fiscal 2018.

The new products that Kuo expected to be released are a 5.8-inch organic light emitting diode (OLED) model, a 6.5-inch OLED model that can be called the iPhone X Plus and a mid-priced 6.1-inch liquid crystal display (LCD) model.

Speculation that Apple (AAPL) may cut back production of the high-end iPhone X hit optical component makers Lumentum Holding (LITE), Finisar (FNSR), and II-VI (IIVI) in Monday trades.

More news: 15-year-old rips Larry Nassar: 'My hate towards you is uncontrollable'
More news: WhatsApp rolls out business app for growth of small companies
More news: Overnight: Temperature soars, Johanna Konta falls, Maria Sharapova v Angelique Kerber confirmed

There are also supply chain considerations to look at.

In a report from MacRumors, Apple has sent out a document to Apple Authorized Service Providers today. According to Kuo Apple will release an iPhone X Plus model with an even bigger screen, hopefully mitigating the issue. Accern also gave news coverage about the iPhone maker an impact score of 46.2034208215665 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

This story has widely been reported by other outlets in a misleading way, with headlines stating that Apple plans to "discontinue" the iPhone X because sales have not met expectations.

The move is created to prevent any potential "cannibalisation" of new iPhones due later this year.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Apple wasn't one of them!

Apple is still overwhelmingly recommended on Wall Street. The Motley Fool has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple.

Related:

  • Virginia to intensify courtship of Amazon for HQ2 site in Northern Virginia

    Virginia to intensify courtship of Amazon for HQ2 site in Northern Virginia

    It remains unclear where city leaders have designated potential sites for Amazon's HQ2 within its greater Central Texas region. Among the 19 American finalists are New York City, Los Angeles , Boston, Chicago, Philadelphia and Washington, D.C.
    Rory McIlroy's comeback ahead of schedule in Abu Dhabi

    Rory McIlroy's comeback ahead of schedule in Abu Dhabi

    After a breakout season in 2017 the Englishman continues to impress and could hardly have played better under the circumstances. I don't think I've ever went bogey-free for a whole tournament and it would be nice to do that".

    IPhone Users Beware, New iMessage 'Text Bug' Is Freezing Devices

    Meanwhile, keep an eye on the upcoming software update released by Apple that patches the bug. Nicknamed " chaiOS ", or the "text bomb", it's a text message containing a malicious link .
  • Samsung outs new Isocell camera technology, possibly for the Galaxy S9

    Samsung outs new Isocell camera technology, possibly for the Galaxy S9

    Now again a new piece of information is there which tells us about an all-new update which is rolling out in U.S region. It would be very unusual timing for Samsung to release this now and not include this in the new Galaxy S9 series.
    Michael Douglas accused of masturbating in front of employee

    Michael Douglas accused of masturbating in front of employee

    Braudy recalls thinking that Douglas "thought he could do anything he wanted because he was so much more powerful than I was". I've had up to 20 female executives who worked at my company in different areas over the years.
    Coroner investigating Dolores O'Riordan death waiting on results of

    Coroner investigating Dolores O'Riordan death waiting on results of "various tests"

    O'Riordan had been in London for a recording session when she was discovered dead in her hotel room. The singer had been in London to record a cover of Zombie with hard rock band Bad Wolves .
  • China rebukes U.S.  military for alleged close encounter in South China Sea

    China rebukes U.S. military for alleged close encounter in South China Sea

    Chinese foreign ministry spokesman Lu Kang said the ship violated his country's sovereignty and security interests . The Philippines and China are both claiming sovereignty over the Scarborough Shoal.
    Patty Schachtner Elected Wisconsin State Senator

    Patty Schachtner Elected Wisconsin State Senator

    Sheila Harsdorf, R-River Falls, as secretary of the state Department of Agriculture, Trade and Consumer Protection in November. But Tuesday's results caught the attention of at least one prominent Republican who's up for reelection in 2018.
    What's the Tide Pod Problem?

    What's the Tide Pod Problem?

    SiliconBeat asked YouTube parent Google how many videos the company has taken down so far, but the company has not responded. Along with the video site, Tide has also reminded people on their Twitter that Tide Pods are only used for "DOING LAUNDRY".
  • Mayfield's arrival at Senior Bowl delayed

    Mayfield's arrival at Senior Bowl delayed

    He has raised eyebrows with some off-field incidents but it's unfair to lump him with failed first-rounder Johnny Manziel. So they're not missing out on a ton, but it certainly does help to have all the exposure you can get to these prospects.
    Intel tells users to stop deploying buggy Spectre patch, citing technical issues

    Intel tells users to stop deploying buggy Spectre patch, citing technical issues

    The firm says the patches , which began rolling out recently, were also resulting in unpredictable system behaviour. Meltdown removes the barrier between user applications and sensitive parts of the operating system.
    Government workers begin shutdown as Senate vote looms

    Government workers begin shutdown as Senate vote looms

    The government shutdown remains in effect Monday, after senators failed to come to an agreement to end it late Sunday night. The U.S. government has not been shut down since 2013, when about 800,000 federal workers were put on furlough.

Comments

Latest news

Arrested After Shooting at Ellis County School: Deputies
Italy promotes itself as " The Biggest Little Town In Texas " and is located just off Interstate 35 between Dallas and Waco. The injured girl, whose name was not released, was taken to hospital in Dallas, about 70 km north of Italy town.

Australian Open: Novak Djokovic beats Gael Monfils to continue injury comeback
Given Monfils had never beaten him in 14 previous attempts, that reads like a routine whistle-stop on Djokovic's huge journey. He said: "It was a straight sets win but nearly two and a half hours, it wasn't that easy, I had to earn all of my points".

Rooney tempted me to move to Everton: Walcott
Alan Pardew picked up his first win as West Brom manager last weekend, helping the club with its first game since August 19. It may have been a quick exit but Walcott knew back as far as April that his days as an Arsenal player were numbered.

Australian Open Day 6 Highlights: Simona Halep survives marathon against Lauren Davis
Open champion Juan Martin del Potro , No. 19 Tomas Berdych , No. 25 Fabio Fognini , No. 26 Adrian Mannarino and Chung Hyeon. Kerber's year-end ranking dropped from No. 1 in 2016 to 21 previous year , when she failed to defend her Australian or U.S.

Armenia PM to participate in World Economic Forum in Davos
Swiss President Alain Berset will have an official meeting with President Trump , it has already been confirmed . The theme of the meeting, spread over 400 sessions, would be "Creating a Shared Future in a Fractured World".

Ed Sheeran announces secret engagement to girlfriend Cherry Seaborn
OVER the past couple of years, the relationship between old school friends Cherry Seaborn and Ed Sheeran has blossomed. Ed Sheeran has become engaged to his girlfriend Cherry Seaborn , the British singer-songwriter announced Saturday.

New Nintendo accessories are made of cardboard
With this set, you actually wear a cardboard suit containing Joy-Con controllers in the headset and backpack. Nintendo has revealed a new interactive experience for the Nintendo Switch , the so-called Nintendo Labo .

White House doctor: Trump is fit for duty, should hit gym
Specifically, skeptics don't believe the president actually stands at 6-foot, 3-inches and weighs just 239 pounds. His blood pressure was 122/74, within normal bounds, and his cholesterol was on the high side, Jackson said.

Pope Francis marries couple on papal plane
Authorities have banned demonstrations because they "impact the image of the country", police spokeswoman Veronica Marquez said. The accusations against Barros have partially come from the same victims deemed credible in the investigation against Karadima.

Colin Firth Says He Won't Work With Woody Allen Again
But fielding a starry cast may prove increasingly hard for Allen in a movie industry in the midst of a "Me Too" reckoning. Woody Allen is 82 years old now, but he'll never be too old to be made to face the bad things he is alleged to have done.

Copa del Rey match report Espanyol v FC Barcelona 17 January 2018
Espanyol: "They approached the game well, sitting deep and waiting for us and closing the spaces down the middle". Barca were awarded a penalty in the 61st minute when Sergi Roberto went down under the challenge of Granero.

Hasan Ali named 'Emerging Player of the Year' in ICC Awards 2017
Hasan's 3 for 19 played a vital role in Pakistan's Champions Trophy to win the game in front of India. Kohli was also named captain of the ICC Test and ODI teams of the year .

Here are details of latest bipartisan DACA deal to protect 'dreamers'
It's at this meeting last Thursday where Trump is said to have used a vulgarity to describe African countries . I've had the privilege of traveling around this lovely country and meeting thousands of Salvadorans.

Facebook agrees to widen probe of Russian interference in Brexit vote
Collins said he believes there is a growing body of evidence that Russian Federation interfered in the referendum. Yesterday (January 17) the social media giant informed the Government of its further research, according to CNN .

Chip makers find patches for Meltdown and Spectre not so simple
Investors in AMD have felt that that part of the statement was false, misleading, and had resulted in them suffering from losses. The good news is that for most tasks, Intel's data center benchmarks don't show a very big hit to performance.

Other news