- KGI Securities analyst Ming-Chi Kuo lowers the lifetime sales forecast for Apple’s (AAPL -0.6%) iPhone X from 80M to 62M units.
- Kuo expects production of the premium model to stop sometime in 2018 as Apple prepares to roll out new versions in 2H.
- The analyst cites weakness in China for the lowering, saying that high-end Chinese users do love larger screens, but the notched design and lack of compatible apps made the iPhone X seem smaller and overpriced.
- Bloomberg Intelligence analyst Woo Jin Ho says Apple chipmakers will likely have a cautious approach to Q1 as the iPhone cycle enters a seasonally weak period. (Source: Bloomberg First Word.)
- Suppliers on the move: Qorvo (QRVO -4.2%), Cirrus Logic (CRUS -2.4%), Skyworks Solutions (SWKS -2.8%), Broadcom (AVGO -0.8%), and Lumentum (LITE -5%).
- Previously: Apple still owes EU tax bill, payments start in March (Jan. 18)
- Previously: TSMC expects iPhone shipments to drop, softened by crypto mining boost (Jan. 18)
- Now read: Financial Exchange Stock Talk: Ranjit Thomas On Skyworks Solutions And Check Point Software
Original article