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Top Apple insider says iPhone X is bad news for the iPhone 8

iPhone X Sales

The iPhone 8 only just started selling, but it’s already selling out — even though a hotter iPhone will launch in early November. However, a top Apple insider says the iPhone X is bad news for the iPhone 8.

Noted analyst Ming-Chi Kuo, who often offers accurate iPhone predictions, thinks the iPhone X is going to cannibalize iPhone 8 preorders.

According to a new Kuo note obtained by Street Insider, the KGI analyst says that iPhone X is eating into Apple’s iPhone 8 preorders.

He explains this cannibalization in a better estimate for iPhone 8 models that are currently sold out. If you haven’t secured a launch date ship order for your iPhone 8 or iPhone 8 Plus model of choice, you’re going to receive it in up to two weeks after the official September 22nd launch date. That’s a lot better than the 3-6 estimates you’d usually get, Kuo says, and it’s all iPhone X to blame.

That may be bad news for Apple’s current quarter, but, overall, it’s still amazing news if Kuo’s logic turns out to be true. Rather than spending at least $699 for a new iPhone, more people seem ready to pay at least $999 for a phone that’s delayed by a few weeks. That’s great news for Apple’s upcoming quarters, even if it’s not going to be able to meet iPhone X demand — the same Kuo said as much recently.

Kuo also shared his thoughts on the LTE Apple Watch which is also sold out. According to him, the Watch is a product to keep tabs on. The device is backordered and Apple offers a 3-4 wait time for new Apple Watch preorders.

The iPhone 8 and Apple Watch Series 3 have a September 22nd launch date, while the iPhone X will be available for preorder on October 27th and launch on November 3rd.

Chris Smith has been covering consumer electronics ever since the iPhone revolutionized the industry in 2008. When he’s not writing about the most recent tech news for BGR, he closely follows the events in Marvel’s Cinematic Universe and other blockbuster franchises. Outside of work, you’ll catch him streaming almost every new movie and TV show release as soon as it's available.