FIRST AIRED: December 26, 2017

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Transcript

00:00:01
>> Shares of Apple Inc plunged on Tuesday after a report that demand for new iPhones is worse than forecast. The Cupertino company's stock dropped more than 2.5% on Tuesday. The slide comes after Taiwan's Economic Daily said, Apple will slash its outlook for the iPhone X for the first quarter to 30 million units, down from 50 million.
00:00:22
A US based analyst is predicting shipments of just 25 million units, warning that consumers are balking at the product's high price and lack of innovation. Reuters reporter, Paresh Dave.>> One analyst I spoke to said don't get too worried just yet maybe the situation is actually weak demand for the iPhone 8.
00:00:40
Most of the parts between the iPhone X and iPhone 8 are the same. There's just two key parts that are unique to the iPhone X. Those two parts are an OLED screen and a 3D sensing module that sort of provides augmented reality features and other technology to the iPhone X.
00:01:03
And in both of those cases, this analyst hasn't seen any production cuts and to him, that suggests that iPhone X is doing just fine.>> Apple has not publicly disclosed quarterly sales targets for the latest iPhone, which went on sale in November. An Apple representative said the company doesn't comment on market rumors.
00:01:23
On a recent visit to China, CEO Tim Cook said he couldn't be happier with demand for the iPhone X in the country.