Wall Street braced for plummeting sales of Apple iPhone X

Shortly after the launch of the iPhone X previous year, it was already rumored that Apple was not only preparing one, but three new iPhone 2018 models.

The new screen will reportedly raise costs to between $23 and $26, thus, leading Kuo to predict that since Apple's new display module is more expensive, it might ditch the 3D Touch features to balance costs.

The 6.1-inch SE2 will be very similar to the original iPhone SE and will even keep the 3.5mm headphone jack that Apple removed to an uproar in 2016. KGI Securities analyst Ming-Chi Kuo is in the latter category where in the past he has made many an accurate prediction, thanks to his well-placed sources deep within the supply chain. Eventually, however, the Apple analyst believes that it would only be a matter of time before 3D Touch is completely retired from the company's devices.

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The Wall Street consensus estimates for the iPhone appears to be that last quarter's sales will be up 2%, and that revenue will be up by 13%, with more to come ... Morgan Stanley analysts think demand for the iPhone X, 8 and 8 Plus to be "weaker ... ahead of September's expected new iPhone launch".

The new, lower-cost iPhone will use an LCD display that's about half the cost of the OLED screen in the iPhone X. It's also likely to use an aluminum casing versus stainless steel.

Indications of this alleged change surfaced past year when Barclays analysts suggested that Apple would eventually stop including the adapter with 2018 being the potential beginning of that change. For instance, the analyst accurately predicted the iPhone X back in 2016 saying that the company is working on a device with a 5.8-inch display featuring a glass back and a metal frame. To keep the price in check, these iPhones are likely to lose the 3D Touch technology as well. Most 3D features can easily be replaced with a simple touch-and-hold method, or long-pressing as it's more commonly called. Analysts are cutting their sales forecasts, sometimes drastically.

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