Personal Finance Insider | How the iPhone X could make Apple a $1 trillion company @InsiderPersonalFinance | Uploaded November 2017 | Updated October 2024, 1 hour ago.
Business Insider CEO Henry Blodget and chief tech correspondent Steve Kovach discuss Apple's new iPhone X. Kovach got the phone before its release, and says he loves it, citing the functionality and screen presentation, and praising the Face ID feature. He notes that the muted excitement over the iPhone 8 release just over a month ago might've been because people were holding out for the X, which he says suggests people aren't scared about the $1,000 price tag.
Blodget and Kovach talk about what the iPhone X launch could mean for Apple's stock, which has historically rallied into new product events. Kovach says that iPhone X sales will easily bleed into next quarter, because of the lead time required to pre-order one. Blodget then runs through some analyst forecasts, including Piper Jaffray, which says that Apple's stock can hit $200 backed by an increase in the phone's average selling price, which would bring its market cap to $1 trillion.
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Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
Business Insider CEO Henry Blodget and chief tech correspondent Steve Kovach discuss Apple's new iPhone X. Kovach got the phone before its release, and says he loves it, citing the functionality and screen presentation, and praising the Face ID feature. He notes that the muted excitement over the iPhone 8 release just over a month ago might've been because people were holding out for the X, which he says suggests people aren't scared about the $1,000 price tag.
Blodget and Kovach talk about what the iPhone X launch could mean for Apple's stock, which has historically rallied into new product events. Kovach says that iPhone X sales will easily bleed into next quarter, because of the lead time required to pre-order one. Blodget then runs through some analyst forecasts, including Piper Jaffray, which says that Apple's stock can hit $200 backed by an increase in the phone's average selling price, which would bring its market cap to $1 trillion.
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Follow BI Video on Twitter: bit.ly/1oS68Zs
Follow BI on Facebook: bit.ly/1W9Lk0n
Read more: businessinsider.com
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
