Apple Inc. (NASDAQ:AAPL) Leak Unveils Unexpected iPhone X Cancellation Plans

A new leak has revealed that Apple Inc. (NASDAQ:AAPL) may soon cancel the ongoing sale of iPhone X. A new report from AppleInsider the inadequate sales of the iPhone X could lead to the cancellation of the model which was launched recently on the market. The move would be the first time that the company is canceling any iPhone model since iPhone 5C which was canceled in 2014.

According to Ming-Chi Kuo, an analyst at KGI Securities, the cancellation could be due to the low sales currently experienced in China and other parts of the world. For instance, in China, the big screens are the kings and the launch of the iPhone X’s polarizing notch is perceived by many Chinese consumers as eliminating too much usable space. Many users prefer iPhone 8 Plus model which is slightly cheaper and delivers more than upgrading to iPhone X model.

The report also suggests that the highly anticipated device may drastically drop the long-established charging cable and replace it with wireless charging capabilities which have complicated the matter since the users would be forced to invest in the wireless charging pad that would be sold separately.

The latest report comes after another survey from Cowan revealed that the interest in the new iPhone X model has hit the historic low mark. Kuo estimated that Apple would see a 5% growth in the first half of 2018 due to its existing three premium models which include; iPhone 8, iPhone 8 Plus, and iPhone X.

In addition, Kuo trusts that Apple would experience about 10% growth since the outgoing iPhone X would be replaced by other new second generation iPhone designs such as the 5.8-inch iPhone X, a 6.5-inch iPhone X Plus, and a 6.1-inch iPhone SE ($650-750), which will have a Face ID. The company expects that the new iPhone models would gain rapid momentum and excite the Chinese market.