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Analyst: Apple Watch Series 3 and the iPhone X are hot sellers

In a note to clients — as noted by AppleInsider — KGI Securities analyst says the Apple Watch Series 3 is selling better than expected and the iPhone X is stealing sales from the iPhone 8 and iPhone 8 Plus. 

He estimates that the LTE-enabled Apple Watch Series 3 has accounted for between 80% and 90% of preorders. Apple began accepting orders last Friday, and the first shipments will arrive on Friday, Sept. 22.

Kuo says the iPhone X has cannibalized some iPhone 8/8 Plus orders. The analyst expects investors to have a conservative outlook for the iPhone 8/8 Plus, while consumers await the debut of the iPhone X, which goes on sale Oct. 23.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.