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Apple to See Unexpectedly High Demand for Cheaper iPhone XR: Ming-Chi Kuo

Shoshanna Delventhal

Earlier this year, Apple Inc. ( AAPL) became the first U.S. corporation to surpass the $1 trillion market capitalization threshold, largely due to optimism surrounding its heightened focus on its burgeoning software and services businesses. One well-known analyst who is known for accurate Apple predictions, resulting from having close ties to manufacturers in the smartphone maker's supply chain, recently increased his estimates for iPhone XR shipments in the fourth quarter, as reported by MacRumors. Apple's new colorful iPhone XR will start at an entry-level price of $749, compared to the new iPhone XS, which starts at $999.