The iPhone 7 and iPhone 7 Plus are also available in rose gold, gold, silver and Apple’s other black finish.
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Piper Jaffray’s Gene Munster, who has an Overweight rating on the shares, and a 151 price target, is sticking with his estimate that Apple will have “slight growth” in iPhone units this cycle, despite a much-lower number of people in line this year at the “flagship store” on Fifth Avenue in NY.
The new models feature better cameras, processing and battery life, just to name a few improvements.
Yes, it is the time of the year when diehard iPhone fans from around the globe start queuing up outside Apple Stores, days before the next-gen iPhone’s official launch in a hope to be the first lucky ones to purchase the smartphone device.
Several local mobile phone operators in Singapore said the shortages were “due to high demand”.
SAN FRANCISCO, CA – SEPTEMBER 07: An Apple iPhone 7 in Jet Black finish is seen during a launch event on September 7, 2016 in San Francisco, California. In fact, all versions of the larger iPhone 7 Plus were also unavailable to customers.
Some of the customers arrived on Thursday evening and applauded when the doors opened at 8 a.m. An index of searches on Baidu China’s most popular search engine, shows the new phone lagging both the iPhone 6 and iPhone 5.
Apple faces a complicated picture in China, where it ranked only fourth in the Asian giant’s smartphone market in the first half of this year, facing strong competition from low-priced local firms.
And breaking with tradition, Apple isn’t going to reveal first weekend sales numbers this year, which the company says is because it knows it will sell out the phones.
“The demand is not as strong as it was with the last model”, a reseller who declined to give his name told AFP, adding however that there were people looking to buy the rare jet black models.
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She said: “I rang Apple yesterday and asked if the new iPhone would be available in store this morning, they said it would be”. Apple’s incentive: Earlier this year, the company posted its first quarterly revenue drop in more than a decade.
