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iPhone X Sold Out Minutes After Pre Ordering Starts

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IPHONE X SOLD OUT MINUTES AFTER PRE ORDERING STARTS,Startup Stories,iPhone X Pre-Orders Sell Out In Minutes,iPhone X sold out in just a few minutes,iPhone X preorders start,iPhone X Sold Out in Just Ten Minutes Due to Off the Charts Demand,First-day preorders for the iPhone X sold out at Apple.com in minutes,Apple iPhone X Pre-Orders Sell Out In Minutes Won't Be Back In stock till december,latest iPhone News

iPhone X, the latest smartphone released by technology giant Apple, was reportedly sold out ten minutes after the pre orders were opened. According to Apple, the demand for the latest iPhone was “off the charts” and the device was sold out within a matter of minutes.

The pre orders began at 12:01 A.M., on Friday, 27 October 2017, but, the shipping time for the different models began to slip after the first ten minutes. Consumers in Australia and UK also saw a delivery delay of five to six weeks. However, Apple claims the iPhone X will be available in stores next Friday, on 3 November 2017. Recently, media reports suggested, the company would be shipping close to 2 to 3 million iPhone X devices across the globe to meet demands.

Speaking about the delays in shipping, Apple said, “We’re working hard to get this revolutionary new product into the hands of every customer who wants one, as quickly as possible. We will keep accepting orders online and iPhone X will be available at Apple retail stores on Friday, November 3 starting at 8 a.m., as well as from our carrier and retailer partners around the world.

TechCruch reported, an iPhone X search on eBay showed more than 1,200 listings posted on the site within 45 minutes of the pre sales opening. According to eBay, there were 36,555 searches for iPhone X from midnight until 1 P.M., Eastern Standard Time.

But, Apple news portal 9to5Mac reported, the customers who had delivery estimates between 10 November and 17 November have seen their estimated delivery date preponed to November 3. Therefore, customers whose delivery estimates are 2 to 3 weeks after the launch may also see their estimates preponed soon.

Apple revealed its first all screen smartphone, iPhone X, in September at their annual product keynote event. The iPhone X sports a 5.8 inch super retina display and is equipped with Face ID scanning and wireless charging. The all glass smartphone with a surgical grade stainless steel body is also water and dust resistant. It packs two 12 megapixel cameras with dual optical image stabilization and an image signal processor. The 7 megapixel front camera is powered by the A11 Bionic processor which supports machine learning, augmented reality and 3D gaming. The iPhone 8 and iPhone 8 Plus were also launched at the event along with the Apple Watch 3 and the upgraded Apple TV.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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