PYMNTS-MonitorEdge-May-2024

Even Apple Co-Founder Is Not Excited About iPhone X

Apple co-founder Steve Wozniak isn’t excited about the soon-to-be-released iPhone X, saying it will be the first iPhone he doesn’t buy on opening day.

“I’d rather wait and watch that one. I’m happy with my iPhone 8 – which is the same as the iPhone 7, which is the same as the iPhone 6, to me,” Wozniak said, according to a CNBC news report. “For some reason, the iPhone X is going to be the first iPhone I didn’t – on day one – upgrade to. But my wife will, so I’ll be close enough to see it.”

The iPhone X’s preorder sales open on Oct. 27. In addition to an edge-to-edge 5.8-inch bright, sharp display, it features a smaller chassis than the iPhone 8 Plus as well as facial recognition.

But Wozniak said he was skeptical that the Face ID feature would work the way it is intended.

In fact, it has been reported that manufacturers are having a tough time with the dot projectors in the TrueDepth camera system on the iPhone X, which is part of Apple’s new facial recognition technology that enables users to unlock phones and pay digitally.

And some analysts aren’t sure how this new iPhone will fare in sales. While surveys show that a high percentage of consumers plan to purchase a new iPhone in the next three months, the iPhone 8 series is accounting for a smaller share of sales than the new iPhones this time last year, according to UBS analyst Steven Milunovich.

“This softness could be good or bad depending on whether users are waiting on the iPhone X,” Milunovich wrote in a Monday note.

Venture capitalist Gene Munster also noted that Google searches for “iPhone” seem to have declined 10 percent year over year, but that his firm’s surveys show “positive data points for Apple.”

“The release of the iPhone 8 was underwhelming compared to past iPhone launches, but this is not bad news for Apple,” Munster wrote. “This year’s iPhone cycle will have its units and revenues split between the iPhone 8 and the iPhone X. Historically, about half of the iPhones purchased in a given year are the most recently released model. This bodes well for iPhone revenue growth.”

PYMNTS-MonitorEdge-May-2024