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Rosenblatt defends Apple on iPhone X sale cut

Published 12/26/2017, 10:47 AM
© Reuters.  Rosenblatt defends Apple on iPhone X sale cut
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  • Rosenblatt defends Apple (NASDAQ:AAPL) following this morning’s reports of cut iPhone X expectations.
  • Analyst Jun Zhang says the firm’s research doesn’t indicate any further cuts after the holiday season. Rosenblatt thinks the X has had stable sales in North America, a recent acceleration in China, and has outsold the combined 8 and 8 Plus.
  • Zhang believes the Taiwanese media reports are “referring to previously mentioned iPhone 8/8 Plus production cuts with an iPhone X production ramp in December.”
  • The firm also doesn’t see 3D sensing or OLED panel order cuts.
  • Apple shares are down 2.2%.
  • Previously: Apple, suppliers drop on iPhone X sales report (Dec. 26)
  • Previously: Stocks open lower as techs weighed by iPhone sales report (Dec. 26)
  • Now read: Mark Hibben Positions For 2018: Old Paradigm Vs. New Paradigm


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