We know many balked at the price of the iPhone X when it was first announced. At a starting price of $999, there were just so many other options out there in the market, including the iPhone 8, 8 Plus, and the older iPhone 7 and 7 Plus models. However it seems that the hefty price tag did not do much to deter customers.According to analyst Jun Zhang of Rosenblatt Securities (via Redmond Pie), it seems that he has estimated that Apple might have received anywhere between 9-12 million iPhone X pre-orders within the first 3 days of the phone going up for sale. He also writes that he estimates that China alone accounted for 6.5 million pre-orders.
Zhang’s note reads, “Based on the 5-6 week wait time for an iPhone X, we estimate that there were 9-12 million iPhone X total preorders over the last three days due to iPhone X’s current production ramp schedule (Oct: 2.5M, Nov 5-6M, Dec 15-16M). We also believe total preorders in China reached 6.5M over the last three days (including some pre-registrations without payment).”
At this point in time it’s hard to verify if Zhang’s estimates are correct, but from what we can tell the iPhone X is certainly in high demand and are seeing an estimated shipping time of anywhere between 5-6 weeks. However recently analyst Ming-Chi Kuo believes that Apple has managed to get a handle on production after smoothing out issues with the Face ID components, but we guess we’ll have to wait for the official numbers from Apple to see if the iPhone X is really selling as well as many seem to think, although Apple themselves are claiming that pre-orders are “off the charts”.
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