Apple likely to discontinue iPhone X this year

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The chipmaker's current situation could give investors concerns over AMS (Austria Mikro Systeme), Apple's key supplier of 3-D sensing technology in the iPhone X. The 3-D sensors are key for the Face ID feature that lets you unlock the device by looking at it. "We believe lower-cost "X-gen" options would be well accepted by teens given strong mindshare Apple has with this demo".

Apple's iPhone sales in the June quarter will significantly disappoint versus Wall Street expectations, according to Morgan Stanley. Finally, Mizuho Securities USA LLC acquired a new position in shares of Apple during the third quarter worth about $2,359,000.

It was all enough to spook investors. Following the sale, the insider now directly owns 98,012 shares of the company's stock, valued at approximately $13,365,896.44.

Of course Apple watchers have heard these doom-and-gloom stories many times before, sometimes involving other products which turned out to be doing OK. "The simple problem with X is that it is too expensive", he said.

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It goes without saying that Apple's A12 chipset that will probably find its way into 2018's iPhones and iPads will be faster and more powerful than its predecessor. "While the numbers may abate a bit, it's still hot".

Other potential updates include support for Apple Pay, HEIF and HEVC image and video compression, and a home button embedded with Touch ID. It is a popular model, topping customer satisfaction surveys, becoming the top-selling smartphone in the United Kingdom in the year it launched, and Apple revealed last year that it is a strong performer in emerging markets like India.

That's certainly plausible, although when I saw Campling's comments I quickly recalled an early March survey conducted by Piper Jaffray. Apple had first introduced their A10 Fusion Chipset with iPhone 7 and iPhone 7 Plus in the year 2016. Most of the answers Piper Jaffray received were at least related to price. A new leak now reveals some hardware details of the phone.

A recent report from analyst Ming-Chi Kuo of KGI Securities has suggested that a cheaper all-screen iPhone could be coming later this year. Called iPhone SE 2, the smartphone may follow the footsteps of the iPhone 8-seires to do away with the metal build in favor of glass back, which will also allow the company to add wireless charging feature. This will probably upset consumers who prefer having the port on their phones. And people are holding onto their older phones longer.