Morgan Stanley says that the iPhone X is proving such a hit in China that it is accelerating the rate at which existing iPhone owners upgrade, and the rate at which Android users switch to iPhone.
Analyst Katy Huberty also echoed an earlier report that the iPhone X rapidly overtook the iPhone 8, despite the head-start of the lower-cost phone …
Huberty believes that there is plenty more room for growth, reports Yahoo Finance.
The net switching rate – those switching from Android to iPhone, less those doing the reverse – increased from 6.7% in early October to 9.2% following the launch of the iPhone X.
Early iPhone X adoption was constrained by tight supply, but availability quite quickly improved as suppliers improved their yield rates. By last week, there was next-day delivery available in the US on all iPhone X variants.
Photo: Thomas Peter/Reuters
