Order checks for Apple's new iPhone bode well: analysts

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Order checks for Apple's new iPhone bode well: analysts
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Pre-orders for Apple Inc's latest iPhones have gotten off to a better start...

- Pre-orders for Apple Inc’s latest iPhones have gotten off to a better start than the last cycle a year ago, several Wall Street analysts said on Monday, citing their own research data.

CNBC quoted TF International Securities analyst Ming-Chi Kuo, known as a close follower of the Cupertino, California-based company’s supply chains, as saying that demand for new iPhones is beating his expectations – and that much of it was due to Chinese consumers. Chinese media outlet Yicai also said on Monday that they jumped 335% on Alibaba’s Tmall platform on the first day of sales vs pre-sales for the iPhone XR last year, citing Tmall figures.

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