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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Hardware & electrical equipment

Apple stock rises as demand hots up for iPhone X

A six week queue quickly formed after Apple opened pre-orders for the US$1,000 iPhone handsets

As Apple Inc’s (NASDAQ:AAPL) iPhone X went on sale in the early hours of Friday, many gadget heads are facing a long wait for the latest iPhone than they perhaps expected.

Pre-orders for the US$1,000 iPhone X handset opened at 12:01am, but, within a matter of hours, customers were told they will be in for a wait of up to six weeks – putting extra pressure on Christmas shoppers.

READ: Apple may fail to meet immediate demand for iPhone X due to supply chain issues, says analyst

Walk-in (or perhaps more accurately camp-out) shoppers will have the opportunity to pick up handsets in store on November 3.

Despite the substantial price tag, industry experts predicted Apple would struggle to supply enough handsets to meet demand, and the market will now be waiting for initial sales stats in the coming weeks.

In pre-market deals Apple shares were up 1.5% changing hands at US$159.77.

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