According to a Top Apple analyst Ming-Chi Kuo, the worst could be over for iPhone, He was the first with the TF International Securities to point to the shrinking iPhone sales but now sees that limited downside risks for Apple and iPhone suppliers’ share prices.”
Ming-Chi Kuo who got the excellent track record when it comes to predicting Apple’s products future and is keyed into chatter from the company’s supplier. He predicts in a note he wrote to shareholders that the iPhone shipments for Apple’s fiscal second quarter will beat market consensus. Moreover, he predicts that Apple could still see a year over year decline in iPhone sales over the next few quarters, but the harshness of the declines will ease.
He’s predicting 1st quarter shipments between 36 to 38 millions considering weaker demand in chinese and positive sales bumps i non chinese markets from trade in programs and price cuts. Apple and its products stock have been afflicting by the weak sales and reduced supplier orders. Analysts and Insiders have called out what some saw as the death of iPhone and postulated Apple’s next product’s win.
CEO Tim Cook, earlier this month, issued a rare revenue warning for the company’s fiscal first-quarter results.Apple’s shares made up enough last week to erase the losses that resulted from guidance announcements. From its all-time highs in October, the stock is still down by 30%.
Kuo added that
If Apple continues the trade-in programs and the US-China trade war does not worsen further, we expect 2019 iPhone shipments will be generally flat YoY thanks to replacement demand, trade-in programs and market share gain in European markets
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