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Apple warned earlier this month that it could Miss Wall Street believes for the holiday shopping season. This forecast is now picked up by TF Industries' Ming-Chi Kuo.
The famous analyst Apple said iPhone XR shipments in the fourth quarter of this year could be superseded by older, less expensive alternatives. iPhone 8 and iPhone 7, and the top-of-the-line iPhone XS models, according to 9to5Mac.
In a report released Monday, Kuo also expects an annual drop in total iPhone shipments for early 2019. As reported 9to5Mac:
For the first quarter of 2019, from January to March, Kuo estimates that Apple will witness a drop in iPhone shipments from one year to the next. It is forecasting shipments in the range of $ 47 million to $ 52 million, compared to $ 52 million in the first quarter of 2018. Kuo's new forecast runs counter to its expectations before launch, in which it thought that the XR would be greater than the iPhone 8 in the market. same period.
Kuo's forecasts follow a report last week This letter described two of the company's top suppliers, Foxconn and Pegatron, which had been asked to terminate additional production line projects for the iPhone XR. And on Monday, Apple's shares plummeted after Lumentum – a provider of "laser diodes for 3D detection", such as those used by Apple's Face ID, cut its revenue forecast after "l & # 39; one of our largest industrial and consumer customers "has significantly reduced their orders. Investors interpreted the information as a reduction in orders from Apple, which would fit with the demand forecasts for the new iPhone 7 and 8, as these models do not use facial identity.
Apple did not immediately respond to a request for comment on the reports. Lumentum and Kuo also did not immediately respond to requests for comment.
Look at this:
iPhone XR: This is the iPhone that you should buy
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