Apple Shoppers Prefer Cheaper Models Over iPhone X, Analyst Says
- Ackerman says demand for top model may be lower than expected
- Waiting times for IPhone X have shortened to a few days
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Apple Inc. customers seem to be opting for cheaper models of the iPhone, according to Cowen and Co. analysis, suggesting that the company failed to cram enough new technologies into the iPhone X to justify the $999 price tag.
Waiting times to order the flagship smartphone have shortened to a few days from the five to six weeks that were typical immediately after it was released in November, Cowen analyst Karl Ackerman said in a note to clients.