Apple resumes iPhone X production due to weak XS sales, report claims
theverge.com
theverge.com
And then the sun comes out at the next earnings announcement.
Sure, one day we'll all be wrong, but this narrative has played out for about the last 5 launches. It's about as common as FB announcing record DAU at earnings then releasing a note about shutting down millions of bots a couple of weeks later.
To provide some anecdata: I got myself an iPhone 6 Plus right after iPhone 8 came out because I needed a headphone jack. If I were to upgrade I'd probably go with the 8 Plus now because it comes with a superior battery life and a physical home button.
For short and distort to work, the stock/product has to be one in major demand that can be pushed down with big fish efforts and it will bounce back almost guaranteed. Skimming funds for the hedge funds and big fish from the small/medium longs.
The SEC is starting to crack down on short and distort [2] as it is a market cheat like naked short selling [3] was which exacerbated the Great Recession. SEC cracked down on naked short selling three days after the Great Recession cliff in Sept 2008 [3]. But the levels of shell/misdirection in short and distort is very hard to track down. It is market abuse and if not checked could break the public markets now that most of investing is automated/HFT.
[1] https://en.wikipedia.org/wiki/Short_and_distort
No, no, no, no, no!
I wouldn't choose the 8 over the XR because the 8 is cheaper, it's because the XR has a bunch of crap I don't want. It's larger, I don't want larger. The camera has a sharp edge, making a case a necessity. I don't want a case. It has FaceID instead of the fingerprint reader. I don't want FaceID.
As a consumer looking for what to recommend to family and friends using iPhone 6 phones to iPhone 8 phones the iPhone X looks way better to me than the iPhone XR. People won't notice the CPU but that OLED screen!
I wish there was some kind of 'apple outlet' like clothing stores do so there could be a legit source of these X phones.
Anecdotal evidence also is that anyone I know that has an X wishes they could go back to having a home button.