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Apple, suppliers drop as key analyst lowers iPhone X lifetime sales forecast

Published 01/19/2018, 11:26 AM
© Reuters.  Apple, suppliers drop as key analyst lowers iPhone X lifetime sales forecast
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  • 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


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