Why 7, 9 & 16 Are Significant Digits to Apple Inc. (AAPL): iPhone 7 Rumors

iphone 7 apple inc (NASDAQ:AAPL)

Apple Inc. hasn’t made any official announcement regarding its big iPhone 7 event yet, but the dates are likely known. Tentative dates for the press conference, pre-orders and launch are already floating out there in the form of gossip. Based on the chatter, there was a little confusion about the launch dates. However, there is a reliable source who is claiming to know the date for the release of the next-gen iPhones.

Apple Inc (AAPL) iPhone 7

Why are 7, 9 & 16 so important to Apple?

Apple will unveil the iPhone 7 on September 7, claims a trustworthy source. Evan Blass, known for accurate leaks about Apple, tweeted that the firm will accept pre-orders beginning September 9. The in-store launch will take place on September 16th. “FWIW, I’m very confident in this date,” Blass tweeted.

With the tweet – that went largely unnoticed – Blass reiterated his belief that the iPhone 7 will launch on September 16th.

In his latest tweet, Blass said he is confident of this date, and quoted his previous tweet in which he said that the phone could become available in stores beginning September 16th.

Previously, a leak by AT&T’s retail staff suggested, the new iPhones could be launched on September 23rd. Since Apple has a history of launching new iPhones on Fridays, both dates made sense as they both are Fridays.

Blass has a very strong track record when it comes to mobile leaks, and it makes more sense to trust him rather than an unverified AT&T leak. However, nothing is official until the firm makes the announcement.

Supply shortage could mar iPhone 7 launch

Separately, a report from the Nikkei Asian Review claimed that Apple Inc. could face supply shortages of the iPhone 7 at launch. The yield rates for certain components are quite low, and its a major problem for the Apple suppliers. A source said, “If Apple sticks to its launch schedule from last year, there may not be enough supply at the beginning, as some suppliers are still trying to fix low yield rates of their components.”

Adding to this, sources said that suppliers might see a decline of 15% in orders for processor chips compared to last year. Analysts expect a similar drop for display also. The report notes that the supply chain chatter has led to some analysts cut their shipments during Apple Inc. ’s expected launch of the next-gen iPhone. Several of Apple’s key suppliers have reported declines this year, attributing it to the overall drop in iPhone orders

On Friday, Apple shares closed down 0.59% at $106.94. Year to date, the stock is down almost 1% while in the last one-year, it is up over 1%. The stock has a 52-week high of $123.52 and a 52-week low of $89.47.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.


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