The iPhone X may be hurting iPhone 8 sales

As Apple likely predicted, it appears a large number of prospective iPhone buyers are waiting until the iPhone X goes up for preorder in late October rather than purchasing the more readily available iPhone 8, which launches Friday. Noted Apple watcher and industry analyst firm KGI Securities put out a report today, detailed by 9to5Mac, explaining how the existence of the iPhone X may be cutting into iPhone 8 preorders, which went live last weekend and still show a reasonable availability window