Skip to main content

Citi slashes sales outlook for iPhone XS Max by nearly half

Citi Research has joined a growing list of analysts to lower first-quarter production estimates for Apple’s iPhones amid weakening demand for the smartphones.

Citi Research analyst William Yang cut the overall iPhone shipment forecast by 5 million, to 45 million for the quarter, reported Reuters. That’s a sting that falls in line with others such as influential TF International Securities Apple analyst Ming-Chi Kuo, who delivered a less than stellar iPhone forecast earlier this month.

It’s Yang’s outlook for the 6.5-inch iPhone XS Max that is particularly gloomy. In a research note to clients, Yang slashed the shipment forecast for the iPhone XS Max by 48 percent for the first quarter of 2019.

The cut in Citi’s forecasts is driven by the firm’s view that “2018 iPhone is entering a destocking phase, which does not bode well for the supply chain,” Yang wrote.

Two weeks ago, Kuo predicted that 2019 iPhone shipments will likely between 5 to 10 percent lower than 2018. He also lowered first-quarter shipment forecasts by 20 percent.



from Mobile – TechCrunch https://tcrn.ch/2Alpfpm
Labels:

Comments

Post a Comment

Popular posts from this blog

The future of Magic Leap's promising AR efforts dim after layoffs

The Magic Leap Two is now further away than ever, unfortunately. Today in a blog post the augmented reality pioneer announced major layoffs and has decided to cut up to half of its workforce, according to some reports. The original Magic Leap One was supposed to be one of the first mainstream augmented reality headsets when it launched in 2018, but a high price point and lack of interest from developers left the headset high and dry after launch. According to the blog post, Magic Leap says it will be focusing its efforts on enterprise solutions (a statement HTC has made recently as well) and shift its focus away from consumer technology… at least for the time being.  The company has been open about creating a second headset that would offer improved specs for some time, but how that work will now have to go forward without half of the team , according to some estimates, remains to be seen. Is the window closing on augmented reality?  Although it’s just one company, Magic...
Post a Comment
Read more

Airship acquires SMS commerce company ReplyBuy

Airship is announcing that it has acquired mobile commerce startup ReplyBuy . The startup (which was a finalist at TechCrunch’s 1st and Future competition in 2016) works with customers like entertainment venues and professional and college sports teams to send messages and sell tickets to fans via SMS. It raised $4 million in funding from Sand Hill Angels, Kosinski Ventures, SEAG Ventures, Enspire Capital, MRTNZ Ventures and others, according to Crunchbase . Airship, meanwhile, has been expanding its platform beyond push notifications to cover customer communication across SMS, email, mobile wallets and more. But CEO Brett Caine said this is the first time the company is moving into commerce. While sports and concerts tickets might not be a booming market right now, Caine suggested that the company is actually seeing increased purchasing activity “in and around the Airship platform” as businesses try to drive more in-app purchases. He also suggested that both the COVID-19 pandem...
Post a Comment
Read more