Brokerages bullish on iPhone X demand after Apple hint
Bengaluru — Signs of strong demand for Apple’s iPhone X led one well-known sector analyst to raise his forecast for pre-orders by 10-million on Monday and another to predict iPhone sales overall next year would be higher than consensus forecasts. Apple has ceased to give its own numbers on iPhone sales, leaving investors and analysts striving to track output through research with its suppliers, consumer surveys and other industry indicators. But the Cupertino-based firm did say on Friday that pre-orders for the 10th anniversary phone were "off the charts". In a note on Monday, research house GBH Insights raised its pre-order demand expectations for the iPhone X to 50-million units from 40-million, calling the first stage of the iPhone X release a "stellar success". Shares of the company gained another 0.7% in premarket trading after rising 3.6% on Friday. "With the official launch of iPhone X in Apple retail stores slated for this Friday, November 3, we anticipate very high demand g...
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