Analysts and investors took Apple’s announcement too bad when they announced that they would not provide the data of unit sales for Mac, iPad, and iPhone at the start of November 1st. Since then, more than total value of Verizon or Procter & Gamble has been wiped off Apple’s market which is $250 billion.
The Analyst of Piper Jaffray Micheal Olson feels that problems gonna increase for Apple in future. As things don’t go at the better side even after the reassurance from the Apple executive that iPhone XR is selling well.
While we are not seeing evidence of iPhone unit weakness in our domestic iPhone user survey, reduced expectations from multiple component suppliers are likely a sign that global unit uptake has not met expectations,
Olson wrote this in a note to clients, reported by CNBC.
Based on this, and despite what appears to be a solid domestic uptake of iPhone XR, iPhone XS, and iPhone XS Max, we are slightly lowering our iPhone estimates in fiscal 2019 and 2020.
The blame for this is being put on overseas sales by Olsen. because Piper Jaffray’s own conducted surveys is America suggest that the sales have gone up as same as last year.
Data pointed from various component suppliers suggested iPhone units are tracking below plan, but our domestic survey of over 550 iPhone owners showed similar upgrade rates versus our 2017 survey.
If the revenue remains soft this quarter too then things could get even worse.
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