I think the price will limit to an extent but an awful lot? I doubt it. People will just do the monthly payment option and tell themselves it's not really 1K, especially if they belong to an upgrade program.
I disagree with the premise that Apple can afford to wait. Again, to a very limited extent. The marketplace is unforgiving and anyone who is familiar with Blackberry/RIM's story knows the marketplace is not going to wait. My belief on this is that Apple wants to get as many phones into as many hands as quickly as it can.
All of this will probably be moot though as I'm guessing the phone has huuuuuuge demand with folks willing to wait however long it takes to get their hands on one. The more limited, the more they'll want it. Welcome to 2017's official status symbol - the iPhone X.
Well they *can* afford to wait, but what company wants to lose money? If the X is constrained Apple can't make a profit off a phone they can't sell. And if everyone is not buying the 8 because they are waiting for the X, well see point #1. Apple stock has been a bit volatile lately, and with good reason. I'm curious to see what happens if their earnings reports are low because they couldn't sell either iPhone model. I have a large amount of Apple stock as my "crazy" stock, so have a vested interest.
Now 2018 will be a different story I think. Once they have their production where it needs to be, and if they release a X-plus as rumored, next holiday season there is no way Apple stock isn't well over $200. 2017 is just a stepping stone for them.