Apple Inc. (AAPL) co-founder and smartphone enthusiast Steve Wozniak won’t be buying the new iPhone X when it goes on sale November 3.
The tech entrepreneur told CNBC at the Money 20/20 conference in Las Vegas that the iPhone X will be the first new Apple smartphone he won’t be buying on launch date. Wozniak, who made the remarks just days before the iPhone X is available to pre-order, added that he is skeptical that the device’s cutting-edge Face ID technology will work properly. (See also: I'm Going to Bet on Tesla: Apple Co-Founder Wozniak.)
"I'd rather wait and watch that one. I'm happy with my iPhone 8 — which is the same as the iPhone 7, which is the same as the iPhone 6, to me," Wozniak said. "For some reason, the iPhone X is going to be the first iPhone I didn't — on day one — upgrade to. But my wife will, so I'll be close enough to see it."
Wozniak isn’t the only tech expert to voice his skepticism about the iPhone X. Since being unveiled in September, the phone, which features an edge-to-edge 5.8-inch display and facial recognition, has been described by some onlookers as not much more advanced than its predecessors. The devices hefty price tag, the most basic version of the iPhone X will cost $999, has added to this controversy. (See also: Sell Apple on iPhone X Supercycle Doubts: Edison.)
Some investors have also been concerned about low iPhone 8 sales. Apple bulls believe demand for the phone has been underwhelming because consumers are waiting to buy the more advanced iPhone X. However, others claim that disappointing early sales figures suggest that consumers are turning increasingly toward smartphones made by Apple’s competitors such as Samsung Electronics Co Ltd. (SSNLF) and Huawei. (See also: Smartphones: Huawei Closing in on Apple, Samsung.)
Venture capitalist Gene Munster told CNBC that Google searches for "iPhone" seem to have declined 10 percent year over year. Munster, however, is confident that the Cupertino, California-based company will eventually register encouraging top line growth from its latest product launches.
"The release of the iPhone 8 was underwhelming compared to past iPhone launches, but this is not bad news for Apple,” he said. “This year's iPhone cycle will have its units and revenues split between the iPhone 8 and the iPhone X. Historically about half of the iPhones purchased in a given year are the most recently released model. This bodes well for iPhone revenue growth."