Money Apple shares take a hit after iPhone X announcement

10:32  14 september  2017
10:32  14 september  2017 Source:   MSN

Apple introduces ‘Face ID’ for iPhone X

  Apple introduces ‘Face ID’ for iPhone X Apple today confirmed the iPhone X will feature facial recognition technology dependent upon a new “true depth camera system” including an infrared camera, flood illuminator, dot projector, and proximity sensor. The Face ID feature will work in low light situations and, according to Apple, there’s only a one in a million chance another face (unless you have an evil twin) can unlock your device.Every time you look at your iPhone X it detects your face. The feature will allow users to unlock devices simply by looking at them, essentially letting iPhone owners to use their face as a password.

Apple Inc Shares Take a Hit After iPhone X Fails to Meet Expectation.

Apple shares dropped by five percent Wednesday morning after analysts piled on with disappointment over the iPhone 5c. Lost somewhere in the disappointment that the device labeled the iPhone 5c was not low-cost, was Apple ’s announcement that the iPhone 4s was now free.

Apple’s ‘AirPower’ will provide wireless charging© Provided by Nine Digital Pty Ltd Apple’s ‘AirPower’ will provide wireless charging Apple stocks fell one percent early yesterday morning as investors reacted to the highly-anticipated launch of several new products including the iPhone 8, 8 Plus and the iPhone X.

The tech giant's stocks had been rallying on a fresh 52-week high until punters learned of delayed delivery times for the iPhone X, which won't be in consumers' hands until late November.

That, combined with the somewhat abrasive price of the iPhone X (here in Australia the 64GB model will set you back $1579 while the 256GB will cost you $1829), caused stocks to fall to $US158.12.

The iPhone 8 and iPhone X will both have wireless charging

  The iPhone 8 and iPhone X will both have wireless charging The new iPhone 8 and iPhone X will both feature wireless charging, Apple announced on Tuesday. The new iPhone 8 and iPhone X will both feature wireless charging, Apple announced on Tuesday.

Apple shares take a hit after iPhone X announcement . Apple stocks fell one percent early yesterday morning as investors reacted to the highly-anticipated launch of several new products including the iPhone 8, 8 Plus and the iPhone X .

Equity analysts see Samsung's earnings taking a 4% hit because of patent related issues. One anonymous Hedge Fund manager in Hong Kong said that Samsung will be OK after That model was not involved in the court battle. Apple shares will officially open on NASDAQ at 9:30 am EDT.

At 9.10am the stock has rallied slightly to a more agreeable $US159.65.

Despite boasting the most technologically advanced iPhone ever created, it's the classic conundrum of getting the product into customer's hands that saw investors err over the traditionally strong stock.

Unlike the iPhone 8 – which Apple says is ready to ship from September 22 – the iPhone X won't be available until November 3. Just 11 days may seem trivial, but Apple fanboys are certainly hard to please.

Apple typically launches new iPhones in September and a big jump in sales usually follows in the holiday quarter, as users tend to upgrade devices when new phones sport significant design changes.

Apple last saw a significant uptick in sales with the introduction of iPhone 6 in 2015. While the delay of the iPhone X could hurt near-term sales, analysts still think Apple's loyal and hungry fans would lap up the new phone, boosting sales for fiscal 2018.

Brokerage UBS said it continues to estimate 246 million phones in fiscal 2018 - up 15 percent.

Apple, which is trying to energise sales in China, could hit a wall selling the pricey new phones there. The 8 and 8 plus start at $US699 and the iPhone X is Apple's most expensive phone.

With AAP.

Apple Shares Drop As Report Points To iPhone 8 Shipping Delays .
Apple saw its shares drop after a Wall Street Journal report said the iPhone 8's timetable was pushed back by a month because of production glitches.The iPhone 8, which is expected to be revealed next week at Apple’s event, faced issues early in the manufacturing process this summer which pushed the company’s timetable back by about a month, the report said.

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