Apple shares are up 0.66% premarket after analyst reports show high iPhone X demand after preorders started on Friday. The first units are due to arrive this Friday, Nov. 3.
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Drexel Hamilton analyst Brian White writes that he’s “encouraged that shipping lead times have held steady at 5-6 weeks because these pre-orders can be recognized as shipments in the December quarter.” The iPhone X comes in 64GB and 256GB models with pricing starting at $999.