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There have been many signs that Iphone sales are not going as they should. With regard to the latest iPhone XR device, Apple recently chose not to increase its production rate and now provides data on a reduced order intake from several of the US giants of the computer.
The last line is Lumentum, which provides components to Face ID face identification system, located in Apple's new mobile devices. Lumentum has canceled its revenue forecast after "a major customer" who has sharply reduced his orders. True, Apple is not mentioned specifically, but the message has been interpreted by the market because it's Iphone, which also highlighted the Apple action. Moreover, Lumentum is not alone. Several other Apple Everyday owners have witnessed a reduction in the order of a large customer without specifying which customer it was acting on.
Kuo greatly reduces forecasts
Apple analyst Ming-Chi Kuo also lowered his forecast for the number of XR devices sold by Apple in the first 12 months of the phone market. And this represents a substantial reduction from the previous 100 million units, to 70 million copies. Kuo also said that the trade war with China has contributed to the decline, as well as stiff competition from Android phones, like the new Huawei Mate 20 series. It should be noted that forecasts and data tend to evolve over time, and since Apple has stopped reporting its sales figures, it's hard to determine what actually has anchor in reality. Iphone XS and XS Max also seem to be better than expected, which can somehow compensate for lower XR figures.
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