A report from analyst Christopher Case says Apple has not even started production of the iPhone X and the preorders are due next month. "Working together, GE and Apple are giving industrial companies access to powerful apps that help them tap into the predictive data and analytics of Predix right on their iPhone or iPad". Equities analysts predict that Apple will post $9.01 earnings per share for the current year.
Other analysts have cited newspaper reports from the Taiwan-based newspaper Economic Times, in which an unnamed source talked of a 50 percent cut in orders for the iPhone 8.
Shares of Apple on Nasdaq were trading down 2.45 percent to $155.77 as of 3pm BST Thursday afternoon.
United Kingdom retail sales growth at slowest level in four years
Year-on-year retail growth for Q3 overall was 1.3 percent, which is the weakest rate of annual growth since Q2 in 2013. Average wages are rising by 2.1 per cent, according to the figures for July.
There are no concrete iPhone 8 sales numbers available - Apple didn't respond to our request for the data - but outside sources have provided anecdotal evidence that the device hasn't been well received by consumers. Now, a few weeks after the first of those devices, the iPhone 8, hit the market, it looks like that gamble isn't paying off.
While the iPhone 8's struggles aren't great for Apple (or for its stockholders, at the moment), there's still a few reasons to hold off on calling for the device to go to an early grave.
Of course, demand for the iPhone 8 could be dampened down by the fact that Apple is putting its 10th anniversary iPhone X on sale on November 3. "Certainly Hon Hai could rise as it's the sole assembler of the iPhone X", said Anderson Chien, a Cathay Futures executive vice-president.
Singer Selena Quintanilla honored with Google Doodle
She spent many of her teenage years on the road and landed a contract with recording giant EMI in 1989. Google's latest Doodle pays tribute to Quintanilla, who was professionally known as " Selena ".
KeyBanc Capital Markets analyst John Vinh recently said a carrier store survey suggested the iPhone 7 was outselling the iPhone 8. The iPhone X, with its edge-to-edge screen and new form factor, is the new flagship phone from the company.
While the iPhone 8 isn't doing as well as expected, it might be due to the release of the iPhone X. Apple will start taking iPhone X pre-orders next week and will release the smartphone next month starting at $999.
Child Injured After Bull Runs Loose In Prospect Park, Brooklyn
The calf was taken to one of ACC's shelters, where it will be cared for until a new home is found, police said. Need a break from hard news? A child suffered minor injuries after a bull got loose Tuesday in Brooklyn.