Consumers thinks fitting be flocking to Apple’s new iPhone XR at an unexpectedly fast rate, according to a bang from Ming-Chi Kuo, an analyst at TF International Securities.
Kuo, who’s known for accurate hints that result from having close ties to manufacturers in Apple’s outfitting chain, increased his iPhone XR shipment estimate for the calendar fourth three months by 10 percent on Sunday. He now expects that the company will vessel between 36 million and 38 million units in the period, up from a foregoing prediction of 33 to 35 million.
He revised his estimate for total iPhone shipments to 78 million to 83 million sections from 75 to 80 million. Apple sold 77.3 million iPhones in the comparable time a year earlier, so Kuo is expecting a slight increase.
“We believe that replacement order for XR will be better than it was for the iPhone 8 series last year because of XR’s larger make visible, longer battery life, dual-SIM support, and new form factor layout,” Kuo wrote.
The iPhone XR is the most affordable of three new iPhones Apple published in September. It goes on sale Oct. 19, and will be in stores a week later. It starts at $749, while the new iPhone XS starts at $999.
The iPhone XR submits some features found in the more expensive iPhones, such as Brazen through ID and larger display. It isn’t as water-resistant as the iPhone XS or iPhone XS Max, however, and lacks the still and all advanced camera system. It has a more affordable LCD display instead of the colorful OLED cloaks on the iPhone XS and iPhone XS Max.
Apple shares fell 2.1 percent to $217.36 on Monday, fastening a broader selloff in technology stocks. The company’s stock price has jumped 28 percent for the year, deifying Apple to a market capitalization of over $1 trillion.
WATCH: Helping hands on with the new Apple iPhone XR