More Evidence Emerges of Soft iPhone Sales

13 November, 2018, 20:19 | Author: Eric Barnett
  • Apple's 2019 iPhones will reportedly adopt new antenna tech

Following a poor forecast earlier this month, analysts and investors voiced concern over the state of Apple's business, contributing to growing worries that iPhone sales were stagnating and could hurt suppliers.

Kuo believes consumers could also be waiting for Apple to release a cheaper iPhone XR.

Analyst Ming-Chi Kuo has been keeping his finger on the pulse of Apple component suppliers and that pulse is slowing – the total expected shipments of the iPhone XR have been revised down by as much as 30%.

Apple is down more than 4% on Monday after a slew of analyst reports suggested that iPhone unit sales could drop year over year as soon as the first quarter of 2019.

For iPhone XR, the estimate has gone from 100 million to 70 million for fourth quarter 2018 to third quarter 2019, which is a drastic cut.

Overnight Apple iPhone suppliers like Cirrus Logic Inc. dropped 10 percent, Skyworks who also make the Harvey Norman Toshiba TV's dropped 3%, Broadcom 5.3% Finisar 4.7%.


Apple said earlier this month it would stop giving the number of iPhones, iPads and Mac computers it sold in a quarter, a closely watched metric and a key indicator of the company's success.

The slide may also reflect concerns that Apple knows that iPhone unit sales are going to go negative in the short-term, which is why it made a decision to stop reporting unit sales.

'We have reduced our iPhone XR shipment estimation from 100mn units to 70mn during the new product lifecycle (4Q18 - 3Q19),' Kuo said in a note to investors.

Longbow Research analysts said spot checks with Apple's Taiwanese suppliers late last week highlighted 20 per cent to 30 per cent iPhone order cuts related mainly to iPhone XR and XS Max, and 20 per cent to 25 per cent order increases for older iPhone models. "With our proven ability to deliver high volumes, years of experience, hundreds of millions of devices in the field, and new product and customer funnel, we remain confident in our leadership position in the nascent market for laser diodes for 3D sensing". Apple said it preferred to focus on the company's transition to a services company, with regular recurring revenue.

"Jim, let me just add a couple things to that for color. It doesn't matter a lot how many units there are in there in terms of the overall value of what's in the cart".

Apple's stock is now sitting at its lowest point in three months.

Recommended:

  • Marvel Legend Stan Lee Passes Away at 95

    Marvel Legend Stan Lee Passes Away at 95

    In addition to being the former editor-in-chief of Marvel Comics, he went on to become the imprint's publisher and chairmen. That outlet noted Lee had suffered several illnesses over the previous year or so, including dealing with pneumonia.
    Remembrance Day Statement from MPP Michael Mantha

    Remembrance Day Statement from MPP Michael Mantha

    "During the worst parts of the war I wondered 'What am I doing here?' You know, 'Does anybody back home really care?'" he said. Saviour's Church will ring 100 times at dusk today to mark the 100th anniversary.
    Investigation launched after several pilots report close encounter with UFO (AUDIO)

    Investigation launched after several pilots report close encounter with UFO (AUDIO)

    The Irish Aviation Authority is investigating after an unidentified flying object was sighted by pilots flying over Ireland. She said they were " wondering " what it could be, that it did not seem to be on a collision course. "[.] Ok.
  • CNN sues Trump after wild clash

    CNN sues Trump after wild clash

    Acosta and CNN denied that the reporter hit the intern, arguing that Acosta simply tried to pull away from the intern. The White House did not respond to multiple queries about the origin of the video.
    Paradise lost: Grim search under way in incinerated California town

    Paradise lost: Grim search under way in incinerated California town

    Palm trees frame a home being destroyed by a wildfire above Pacific Coast Highway in Malibu , Calif., Friday, Nov. 9, 2018. At least two have died in Southern California's Woolsey fire , and hundreds of thousands of residents have been displaced.
    Hillary Will Run Again, Returning to Her Old Self

    Hillary Will Run Again, Returning to Her Old Self

    The 71-year-old replied: "No... no... well I'd like to be president". "Expect Hillary 4.0 to come out swinging", they wrote. Penn wrote his op-ed with Andrew Stein , a former Democratic president of the New York City Council.
  • Sen. Nelson Wants Gov. Scott To Recuse Himself From Recount Process

    Sen. Nelson Wants Gov. Scott To Recuse Himself From Recount Process

    ET on Monday, Kemp had 50.26 percent of the vote. "In that case, you can bet your butt there will be lawsuits filed everywhere". Tuter isn't the only Florida official to register apparent frustration with some of the rhetoric coming from the White House.
    Canadian PlayStation Black Friday offers include new Spider-Man PS4 bundle

    Canadian PlayStation Black Friday offers include new Spider-Man PS4 bundle

    Sony will also be discounting its DualShock 4 wireless controllers to $39.99 Dollars / $49.99 CAN at participating retailers. Sony says that its Black Friday offers will be available at participating retailers starting November 16 in the U.S.
    Opponent Of MS Sen Who Joked About 'Public Hanging' Calls Remarks 'Reprehensible'

    Opponent Of MS Sen Who Joked About 'Public Hanging' Calls Remarks 'Reprehensible'

    Hyde-Smith faces Democratic former congressman and agriculture secretary Mike Espy , who is black, in a November 27 runoff. The current race between her and Espy will determine who serves the rest of Cochran's term, through January 2021.
  • Meghan Markle Flaunts Her Growing Baby Bump With The Royal Family

    Meghan Markle Flaunts Her Growing Baby Bump With The Royal Family

    It's proved to be an urban myth but many used to say only the Queen and members of her family can wear it on the right. As royal fans know, the Duke and Duchess of Sussex are expecting their first child in 2019 .
    31 dead, 250000 evacuated in California fires as Governor blames climate change

    31 dead, 250000 evacuated in California fires as Governor blames climate change

    Officials also said it could take weeks to fully contain the deadly wildfires raging across Northern and Southern California. A series of wildfires in Northern California's wine country last fall killed 44 people and destroyed more than 5,000 homes.
    Facebook Live Again After Brief Outage

    Facebook Live Again After Brief Outage

    If your Facebook app hasn't been reloading or your messages haven't been sending, you're not alone. WhatsApp and Facebook Messenger were also out of service, though Instagram remained up and running.


Popular

Gaza, Israel exchange massive deadly attacks amid high tensions
The latest violence has cast a cloud over indirect talks between the sides after months of bloodshed along the Israel-Gaza border. Israeli troops have killed more that 220 Palestinians during the confrontations, which have included border breaches.

Marvel, Disney Comment on Stan Lee's Death
Lee, born Stanley Lieber on December 28, 1922, began his career in 1939 and joined the Marvel Comics in 1961, Xinhua reported. On Friday, Saturday, and Sunday Stan Lee fans can watch some of the Marvel movies schedule on M-Net Movies Action+.

Samir Nasri closing in on Manuel Pellegrini reunion at West Ham
As a result, West Ham fans are expected to see the Premier League victor in a claret and blue shirt come January. The former France worldwide received the treatment in December 2016 while on holiday.

Iran official calls on European Union to 'act independently' of US
As mentioned in the IAEA's two previous reports, the agency stressed the importance of "timely and proactive cooperation in providing such access" on Iran's part.

Putin, Trump have 'good' talk on world situation over lunch in Paris
Sunday, Macron rebuked nationalism in perhaps another dig at Trump who has been vocal about his "America First" agenda. I also love the world and I don't mind helping the world, but we have to straighten out our country first.

Amazon Will Split HQ2 Between NY, Northern Virginia
Patent and Trademark Office began moving more than 7,000 jobs out of Crystal City in 2003. NY and the D.C. area already have a considerable Amazon presence.

Emmanuel Macron May Have Thrown Shade At Donald Trump Over Twitter Diplomacy
As NPR's Eleanor Beardsley reports, President Trump seemed out of step with the very multilateral tone of the commemorations. Trump has repeatedly branded himself a "nationalist", despite criticism from some that the term has negative connotations.

Excelsior: Hollywood Reacts to Stan Lee Death
In addition to being the former editor-in-chief of Marvel Comics , he went on to become the imprint's publisher and chairmen. Popular Marvel films include " The Avengers " and its various sequels, " Black Panther " and " Iron Man ".

Marvel Comics Legend Stan Lee Dead at 95
Marvel fans might get to see at least one more famed Lee cameo in a superhero film, depending on what productions have wrapped. Stan Lee , creator of some of the most enduring characters and stories from Marvel Comics , has died at the age of 95 .

Kate Upton Welcomes First Child With Husband Justin Verlander
Astros pitcher Justin Verlander and supermodel Kate Upton welcomed their first baby into the world this week. Upton posted a picture of their baby's hand and lip Saturday night.