Wall Street braced for plummeting sales of Apple iPhone X

Gmail's new super-clean interface is ready for duty

But according to Chinese publication Feng, as spotted by MacRumors, trusted analyst Ming-Chi Kuo claims that Apple's rumored 6.1-inch iPhone, the LCD variant - Kuo predicts Apple will release three models this year - will not implement 3D Touch. GBH Insights analyst Daniel Ives said. One of the features that could be killed off is the 3D Touch.

As for its official unveiling, Apple is due to hold its Worldwide Developers Conference on 4 June 2018, with the iPhone SE 2 tipped to make an appearance. Also, the stock of Apple has seen a downfall of 8% during March and April and was observed at $164.22 on Thursday.

Though there are numerous reports of slow iPhone X demand but still we expect the 2018 iPhone's to follow the similar design. iPhone X successor should come in more affordable price while iPhone X Plus should regain the top spot in the line-up. By separating the touch sensor and the screen in this way Apple will be able to cut down on weight and the chance of damage.

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Apple Inc. earnings this week will confirm what most investors have finally accepted: The iPhone X didn't live up to the hype. For the fiscal third quarter, unit sales will be down 5% year-over-year, according to average analyst forecasts compiled by Bloomberg.

After the launch of the iPhone X, quite a few Android devices surfaced with the famous notch in no time.

"That lower-priced iPhone X, essentially, should be a successful product".

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In a note obtained by TheFly.com, Bernstein analyst A.M. Sacconaghi Jr highlights the "striking" similarities between the current iPhone X and 8 cycle and the iPhone 6s cycle - another hard period for phone sales. The company is also working on technology such as touchless gesture control which could be a replacement to the 3D touch when it becomes available.

"We believe price elasticity is affecting the current cycle, as new models introduced cost, on average, over $100 more than last year's new models", he said. That could bring the price close to $700, a level that's proven successful for many years.

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