iPhone 7 Demand Has Peaked, While the Supply Remained Inadequate

Apple’s new iPhone 7 has struck the electronic market. It is a lead ship. Every other person wants it. But, the supply is not adequate. There are hundreds of thousands buyers who did not have their own iPhone 7 in hand till quite some time. Apple was only entertaining its customers who pre-ordered it. The rest of them had to stand in lines, waiting for their turn in the streets of different cities. Despite that being really hectic, the customers did not back off.

Due to there being a short supply, Black-market tactic lead out. Customers who wanted the phone really bad were offering double or even TRIPLE the money to people who pre-ordered the phone! Anyone would surely give away theirs’s for that much money.

Why exactly do the people want the iPhone 7, this bad? The answer maybe the new features and several changes that Apple brought to it. These include camera upgrades, a much longer battery life, a faster processor and a new dust and water-resistant design. Sounds interesting! On the other hand, they also removed the headphone jack. Are you sad already?

Recently, the overall shipments for this phone has peaked. This can be told by the immediate availability in mostly all global markets. Particularly, the 4.7-inch iPhone, which is responsible for a bulk of Apple’s annual iPhone sales, is the main part in stock around the world.

Apple is now seeing lower than expected demand for this 4.7-inch model. iPhone suppliers are expected to revise down shipment forecasts by 5 to 15 percent, in November to December. Previously the iPhone component shipment estimated 85-90 million units which is now down to 80-85 million units.

The final iPhone count stays high mostly because of the Samsung’s Galaxy Note 7 recall, an event that left component suppliers hustling. Apple playing clever, took advantage of that situation increased the production of iPhone 7 in mid-October.