Apple iPhone 8 has arrived, here's everything you need to know

Angelica Greene
September 23, 2017

This week we surveyed 388 consumers in the USA across all demographics and found that of those planning to buy an iPhone in the next year, 25% plan on purchasing an iPhone X and 39% and iPhone 8 and 8 Plus.

The S&P and the Dow were on track to snap a string of record sessions and Apple (AAPL.O) was the biggest drag on the three major indexes with a 1.3-percent drop on concerns about demand for its latest smartphone. "(It) is pretty similar to the iPhone 7 but it shoots 4k 60 frames per second and it's got a new glass back instead of the metal which is apparently more durable", he told Reuters.

Apple stock is up 30% in 2017 and 31% year over year.

Apple Inc's launch of iPhone 8 kicked off in a less lively mood in Asia, versus previous debut, as fans held out for the premium iPhone X due out in early November. Investors will have to wait until October to see Apple's fourth quarter results which are set to include initial orders for the new devices.

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You can find out more details about the new iPhone 8 and 8 Plus over at Apple, prices for the new iPhones start at $699 for the iPhone 8 and $799 for the 8 Plus.

Chinese iPhone buyers can place an order for the iPhone 8 and 8 Plus on online shopping platforms and have the device delivered to their doorsteps. Said another way, the survey suggested 64% of iPhones in the next year will be either the iPhone X, iPhone 8, or 8 Plus, compared to our current model of 45%.

The upshot is that any sluggishness in iPhone 8 sales could signal more appetite for the iPhone X, said Katy Huberty, an analyst with Morgan Stanley. Massive lines at Apple stores around the world used to be a given with each and every iPhone launch, but the chaos and commotion have dwindled over the years. "So I think I must change with no hesitation", said 29-year-old consumer Ta Na in Shanghai. The company in August estimated revenue of $49 billion to $52 billion for this September quarter, a projection that included the iPhone 8 but excluded the iPhone X. Apple rarely misses its estimates, though Robert Cihra, an analyst with Guggenheim Partners said: "If they missed because customers are waiting for a X, that would be a good miss".

Yang Jie in Beijing contributed to this article.

Other reports by GizPress

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