Why iPhone 7, iPhone 7 Plus ‘Won’t Sell'; Analyst Ming-Chi Kuo Predicts Fewer Sales Than iPhone 6s
Apple had just made one of the most remarkable and legendary product releases in history with the iPhone 7 and iPhone 7 Plus. Despite its products' popularity on a global scale, a KGI analyst predicted that the latest flagship phone of Apple "won't sell."
Sales of iPhone 7 units for 2016 have been pegged to be fewer than what its predecessor iPhone 6s sold in 2015. This prediction by KGI Securities' famous tech analyst Ming-Chi Kuo, which was given to AppleInsider, has won the attention of the tech department as it is contrary to the sell-outs of mobile carriers in the U.S.
The research company already pronounced before that sales estimates of iPhone 7 and iPhone Plus will reach 65 million units. However, the Kuo upped this number to between 70 and 75 million units. As explained, this increase will be brought by Samsung's recall of Galaxy Note 7 units. Nevertheless, this figure is still below iPhone 6s' sales in 2015.
Apart from Samsung's recall, the 70 to 75 million figure revealed by Kuo is hugely because of the intense marketing campaigns of mobile carriers in the U.S. and "not entirely due to market demand," the same report stated. Particularly, Sprint and T-Mobile both have launched iPhone 7 promos, including trade-ins and discounts, to lure more subscribers.
As for iPhone 7 Plus, the low yields on the jet black units is one of the reasons also for its low stocks, which Kuo suggested to investors to take advantage of.
iPhone 7 Demand 'A Phenomenon'
Last Sept. 20, analysts from South Korea already revealed in a report the opposite of Kuo's prediction. According to Song Eun-jeong of Hi Investment and Securities, the Cupertino-giant is bound to steal the top spot in the smartphone competition primarily due to the efforts of mobile carriers.
In addition, Lee Seung-woo of IBK Investment and Securities reportedly stated that there are already South Korean suppliers who were ordered to manufacture around 80 to 85 million iPhone 7 units. This venture puts the release of over 100 million iPhone 7 units before 2016 comes to an end.
T-Mobile CEO John Legere also commented that the iPhone 7's demand is "phenomenon."
Apple Fixes iPhone 7 and iPhone 7 Plus’ EarPods Problems with iOS 10.0.2 Update
Apple has finally released the iOS 10.0.2 update to iPhone 7 and iPhone 7 Plus phones to fix the issues affecting its new wireless earbuds. More details here.
Apple Files New Patent And You Won’t Believe What It Is For
Apple is taking a break for now from the digital realm as new patent reveals it is up for a new innovation. Many have cried in disbelief and you too might not believe what it is.
Samsung To Outsource New Chips For Upcoming Phones From MediaTek; Which Phones Are Included In The List
Samsung is officially tapping MediaTek to produce mobile chipsets for its upcoming phones. Which line of phones does Samsung plan to embed these chips? More details here.
iPhone 7 Finally Gets a Headphone Jack, Thanks to Former Software Engineer
Former software engineer who crafted the iPhone 6s from scratch has now built a headphone jack into iPhone 7.
T-Mobile Giving Fee Netflix To Its Smartphone Customers Starting September 12
T-Mobile is giving free Netflix subscriptions to its customers. Buying two lines of T-Mobile One entitles you to a Netflix subscription.
MORE IN ITECHPOST
Elon Musk’s Brain Microchip Neuralink Will Allegedly Cure Depression and Addiction
Elon Musk founded Neuralink in 2016, but what is the purpose of this brain-implanted computer chip? Musk has revealed additional details that you may find interesting.
Spotted in Deep Space: Never Before Seen Four Mystery Objects
A few mysterious objects that haven't been seen until now have recently been spotted in deep space thanks to massive radio telescopes.
A Leaker May Have Confirmed The Release Date Of 'Resident Evil Village'
A leaker who has been reliable in the past regarding Resident Evil may have revealed the release date of Resident Evil Village.