Will iPhone X hurt iPhone 8 and 8 Plus sale? Here's what experts say

Apple unveiled both iPhone X and iPhone 8 models, with the "super-premium" iPhone X starting at $999

As Apple gets ready to ship iPhone 8 and 8 Plus before it opens iPhone X for pre-orders, a top analyst with Taiwanese business group KGI Securities has warned that iPhone X will cannibalise iPhone 8 orders.

According to Ming-Chi Kuo, the most famous analyst with KGI Securities when it comes to Apple, it is very likely that iPhone X demand will cannibalise iPhone 8 pre-orders.

"While it takes three to six weeks or more to ship new iPhone models after they are available for preorder, they see the iPhone 8 taking less than one to two weeks. This is due to the iPhone X cannibalisation," StreetInsider.com quoted the analyst as saying late on Monday.

Apple unveiled both iPhone X and iPhone 8 models, with the "super-premium" iPhone X starting at $999.

Ming, however, said the new Apple Watch Series 3's (GPS + Cellular version) could be a runaway hit.

"We estimate the preorder weighting of the GPS + Cellular version is 80-90 per cent. While not available in all countries, most users have pre-ordered the GPS + Cellular version because it offers phone and internet access functions without an iPhone and given the low premium of $70 over the GPS version," the analyst predicted. Read More

Apple's iPhone 8 launch: 7 stocks to watch out for today

Apple Inc will unveil new iPhones today at its Apple Park 'spaceship' campus

When Apple Inc unveils new iPhones on Tuesday at its Apple Park “spaceship” campus, there may be important clues for the watchers of seven semiconductor stocks.

Apple exerts a sun-like gravitational pull on the global electronics supply chain, affecting the pricing of commodities like flash memory chips - it consumes 18 percent of global supply. The iPhone maker can make or break small, specialty chip suppliers.

The final tally of semiconductor winners and losers will not be known until the devices ship and analysts rip them apart to examine the circuit boards. That will give insight into matters like the continued battle between Intel Corp and Qualcomm Inc to supply so-called modem chips for mobile data.

Even the limited technical information Apple gives on stage tomorrow could shed light on how several other companies are faring. Here are seven stocks to watch during today’s launch.

LUMENTUM

Lumentum Holdings Inc makes what are instead known as vertical-cavity surface-emitting lasers, or VCSELs for short. These are a key component of 3D sensors that could power some of the expected features of the new flagship iPhone, such as the ability to unlock the phone through 3D facial recognition.

The company said it has received $200 million in orders for these lasers since April. Lumentum says it has multiple customers, but most analysts believe Apple is behind the surge in orders. Read Full Story >>>