According to reputed analyst Ming-Chi Kuo, the iPhone 11 demand is higher than expected.
Following the launch of iPhone preorders on Friday, respected analyst Ming-Chi Kuo has released a fresh report late on Sunday night stating that he believes the iPhone 11 and iPhone 11 Pro order demand is better than expected.
As per a report by 9to5Mac, these predictions by Kuo are largely based off on Apple’s online shipping estimates and he claims that there is a strong demand for the new colour variants — Midnight-Green on the iPhone 11 Pro and Green and Purple on the iPhone 11. He goes on to add that there could be production problems for the rear glass on the Midnight Green option so availability may be constrained.
Kuo adds that demand for the costlier iPhone 11 Pro is higher in most countries while China is witnessing a surge in demand for the iPhone 11. Taking these initial positive signs into consideration TF Securities has raised its iPhone shipping estimates from 65-70 million to 70-75 million in 2019. Kuo says that the availability of various trade-in programs and zero-interest payment plans are helping this demand.
9to5Mac states, “In addition to the appeal of the new colours, Apple is being aggressive with the $699 iPhone 11 base price whilst adding features like the new ultra-wide lens, improved battery life and 4K video upgrades. The report says the iPhone 11 pricing makes it an ideal choice for the current install base of iPhone 6, iPhone 6s and iPhone 7 owners.”
Taking this demand into consideration, the Apple iPhone 11 has achieved an unexpectedly surprising statistic that was not foreseen.
Preorders for the iPhone 11 lineup have already begun in India and the base variant starts at Rs 64,900.