undergroundnewsroom.com May 27, 2018

Upcoming iPhone looks more like Android clone than iPhone X

01 May 2018, 04:56 | Jenny Fowler

Upcoming iPhone looks more like Android clone than iPhone X

Apple Reports Second Quarter Results

Apple is set to report tomorrow, and for CEO Tim Cook, it's going to be a case of proving that Apple can still deliver growth going forward, or he could be out, early retirement as he has hinted. You can see with most of these devices, however, that it is not the real iPhone X, because they have not copied the bottom and are still equipped with a decent edge at the bottom.

If that cash is used elsewhere, Moskowitz - who has Apple as Equal Weight - says it could be a "sell on the news event" should the capital returns to shareholders be merely in line with forecasts. He also lowered his iPhone sales expectations for this year and next.

KGI's former analyst Ming-Chi Kuo said this new display technology - dubbed a Cover Glass Sensor or CGS - means cracking and shattering the phone screen is less likely, but he predicted it will not come out until Apple's 2019 phone releases. "Although we estimate iPhones get replaced more frequently than competitors' phones, we believe replacement rates will continue to worsen".

Upcoming iPhone looks more like Android clone than iPhone X
Upcoming iPhone looks more like Android clone than iPhone X

Analyst predictions show that the average selling price of an iPhone during the second quarter of 2018 will be $740. Kuo was KGI's best known analyst and carved out a big name for himself, thanks to his Apple reporting.

The potential share buybacks and dividends follows the passage of the U.S. tax bill late a year ago, which makes it cheaper for Apple to bring back the more than $250 billion it holds overseas.

For the June quarter, analysts expect earnings of $2.11 a share on sales of $51.6 billion. Last year, a similar issue was identified where Touch ID would stop working on the iPhone 7, if the screen was replaced by a third-party vendor. "That launch itself could move iPhone sales up 5% a year", said Gene Munster, co-founder of Loup Ventures and a longtime Apple analyst. He reiterated his perform rating on Apple stock in a report Sunday. Most 3D features can easily be replaced with a simple touch-and-hold method, or long-pressing as it's more commonly called.

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