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JPMorgan lowers iPhone X production estimate to 15M in Q1

Published 03/02/2018, 01:12 PM
© Reuters.  JPMorgan lowers iPhone X production estimate to 15M in Q1
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  • JPMorgan (NYSE:JPM) reduces its production estimates for the Apple (NASDAQ:AAPL) iPhone X to as low as 15M in Q1, down from 20M.
  • Analyst Narci Chang also lowers Q2 estimates from 18M to 10M.
  • For all iPhones Chang lowers the Q1 forecast to 52M (was: 55M), Q2 to 42M (was: 45M), and full-year from 225M (+2% to 3%) versus the previous estimate of 9% growth.
  • The firm upgrades Apple supplier Catcher Technology to Overweight from Neutral while cutting forecasts for Largan (OTC:LGANF) to Neutral and AAC Technologies (OTCPK:AACAF) to Overweight.
  • Bloomberg First Word
  • Apple shares are up 0.4% to $175.65.
  • Previously: Deutsche Bank (DE:DBKGn): Apple consensus estimates still too high for Q1, Q2 (Jan. 30)
  • Now read: Apple: Cash Flow And Content


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