Apple shares up on reports of strong iPhone X sales

Apple shares are up 0.66% premarket after analyst reports show high iPhone X demand after preorders started on Friday. The first units are due to arrive this Friday, Nov. 3.

iPhone X.jpg

Drexel Hamilton analyst Brian White writes that he’s “encouraged that shipping lead times have held steady at 5-6 weeks because these pre-orders can be recognized as shipments in the December quarter.” The iPhone X comes in 64GB and 256GB models with pricing starting at $999.