Apple likely to discontinue iPhone X this year

Apple’s tenth anniversary smartphone iPhone X could be killed this year, if you go by what Mirabaud Securities analyst Neil Campling has to say.

According to them, Taiwan Semiconductor Manufacturing (TSMC), which manufactures chipsets for Apple phones, currently has its inventory at record high levels. This is due to Apple no longer purchasing chips from the manufacturer.

Here’s what the analyst said in their note:

With the declines in iPhone X orders and the inventory issue at TSMC at record highs, which basically reflect a need to burn off inventory. Why? Because the iPhone X is dead

As for why sales for the device is low, Campling blamed the price, saying:

The simple problem with X is that it is too expensive, consumers are turning their backs on high-priced smartphones

The analyst, however, made it clear that existing iPhone X inventory will remain on sale, but no more units will be manufactured by the company. For what it’s worth, popular KGI Securities analyst Ming-Chi Kuo had also said earlier this year that the handset could reach its end-of-life this summer.

New iPhone models

There are reports that Apple is likely to come up with a handful of new iPhone models, including a cheaper version priced at around $500. Then there could be another model that’d offer dual SIM functionality. And finally, a cheaper model that retains iPhone X looks is also on the cards.

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