Brokers Set Expectations for Apple Inc.'s Q1 2018 Earnings (AAPL)

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The iPhone X also has an improved rear-camera subsystem compared to either the iPhone 8 or the iPhone 8 Plus, as well as a much more advanced front-facing camera with 3D sensing capabilities marketed by Apple as a TrueDepth camera.

Pegatron, a contract assembler, fell as much as 2.6% in early Taipei trade while Catcher Technology slipped as much as 3.6%.

According to a recent report by the Economic Daily News, production of the iPhone has been cut by around 50 percent for both November and December.

Apple is reportedly having supplier issues with the new parts required for the iPhone X. The company is having trouble sourcing the Glass panels, Bloomberg reports.

Despite all the traditional Apple hype manufactured by Apple the iPhone 8 hasn't been getting consumers into stores at the rate Apple is accustomed to and this is causing concern for management.

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While the iPhone 8's struggles aren't great for Apple (or for its stockholders, at the moment), there's still a few reasons to hold off on calling for the device to go to an early grave. "Apple's lower iPhone 8 pricing should limit the impact, but it remains a risk". Perhaps one interesting thing to note is that even on launch day, the iPhone 8 was still readily available, something that is quite unusual when compared to other models at the time of launch, where they are usually sold out.

But the debate - and hints from some analysts and a Taiwan media report of a cut in iPhone 8 production - was enough to push Apple shares down 2.8 percent by lunchtime in NY. "iPhone X establishes a new value level for Apple customers that want a premium, futuristic device".

Considering that the iPhone 8 has only been around for about a month now, Cupertino has yet to release any figures regarding the sales of the phone.

Plus, the shadow of the looming iPhone X appears to be tamping down interest in the iPhone 8. Case says that his checks indicate "final production of iPhone X has not yet begun". The iPhone X, which goes on sale November 8, features an all-new design with an edge-to-edge OLED screen and revolutionary facial recognition technology.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st.

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