iPhone X insurance has been very popular here at Better Buy Insurance since it launched with a bang back in November 2017.
It’s the most expensive phone that Apple have ever produced. The iPhone X 64gb launched at and still costs £999 here in the UK and the iPhone X 256gb was and still is £1149. These prices are if you buy the phone sim free, deals of course are available if you buy the phone with a contract.
To insure these precious and expensive phones will cost £8.49 a month or £89.99 a year if you do so here at Better Buy Insurance.
If Apple are right with their sales predictions we might not be insuring as many of these phones as we have been. Reports are in that Apple have slashed production of the iPhone X models despite the phone selling like hot cakes in the three months since launch.
Apparently they have asked their suppliers to reduce the number of handsets produced from 40 million to 20 million (quite a reduction). News of this hit the share price quite hard before a slight recovery.
From an outsider looking in maybe Apple believe that a lot of people who want such an expensive phone have already gone out and bought it and demand will fall away. Leaving customers unwilling to spend over £1000 on a phone to upgrade to the iPhone 8 or the iPhone 7.
Regardless of all this speculation what we do know is that Apple are expected to announce a profit of over $19 billion, not for last year, oh no, for just the last three months of 2017! This will be the biggest quarterly profit in history so we shouldn’t feel too sorry that they might not sell as many iPhone X phones as they first hoped.
Interesting times in the phone world and I’m sure other manufacturers like Samsung, HTC and Huawei are keeping a close eye on all of this ahead of their own new models coming out in 2018.