Apple Plans to Make iPhones Without Mining for Materials
It's a big initiative to be sure, and it's probably not something that Apple will be ready to accomplish for a few years.
The move sent shudders through Apple's supply chain and has sparked investor jitters over whether Apple may rely more on its own in-house chip technology rather than external suppliers. The company is also expected to set up a manufacturing unit at a second location in the country.
Last year, Apple broke its typical upgrade cycle by retaining the same iPhone shape for a third year in a row and endured a rare sales slide. The iPhone 8 is expected to launch this year, but with two more new iPhones devices are quietly surprising.
Those anxiously awaiting the redesigned iPhone, however, may have to wait because upply constraints could mean the device isn't readily available until one or two months after the typical fall introduction. However, what's a bit different is that he highlighted the phone's average selling price and said that estimates look to be too low.
"While Samsung has beaten Apple to the punch with many new features, it seems Apple will be adding a lot of them to its new lineup, too - as well as e-SIM, support for Apple Pencil, and an enhanced version of Siri", he told TechNewsWorld.
Apple, reportedly is testing features like a new screen type, a curved display, a stainless steel chassis, and improved cameras.
However, even though Apple has made this promise, it still has a long way to go to turn the idea into reality. Apple is also leaning on its production partners to be more green with seven major partners pledging to power Apple production entirely with renewable energy by the end of 2018.
The Longbow analyst said that based on these numbers, an $849 iPhone 8 would result in an average selling price of $746, while consensus stands at only $667.
A soft home button requires careful application of fingerprint sensors in or under the OLED screen, said Tirias' Krewell.
Apple stock on par with the S&P?
"That's especially true when you consider that this is the 10th anniversary of the iPhone, and the continuing criticism heaped on Apple for lack of innovation", he told TechNewsWorld.
He feels that Apple stock is now undervaluing a return to growth for the iPhone and an ever-growing subscriber base.
Apple Inc. shares rose $0.47 (+0.33%) in premarket trading Thursday.