Various models of iPhone are displayed during a preview event at an Apple store. (AP Photo/Kiichiro Sato)
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Apple Inc quashed any concern of muted demand for its iPhone X Friday, saying preorders for the 10th anniversary phone were "off the charts". The company's shares, which have fallen steadily since it announced in early September it would launch two iPhones within two months, rose nearly 3 percent in response. Major promotions on the iPhone X from U.S. carriers have yet to materialize, and in some cases, the offers have been even less generous than what was available for the iPhone 8, said Walter Piecyk, an analyst at BTIG in a research note Thursday.He said that Sprint Corp's iPhone X promotion of $350 in savings for trading in an eligible device was the most aggressive but still lower than what it offered for the iPhone 7 .
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