Despite a recent correction, iPhone X volume expectations are 'still too high', according to a new report from CLSA via CNBC.CLSA warned clients on Tuesdsay that the market is still too bullish on shares of AAPL based on lower fourth quarter expectations and 1Q18 numbers that are unlikely to improve. A recent report from Taiwan's Economic Daily claimed that Apple's first quarter forecasts for the iPhone X have been slashed to 30 million from 50 million.
"We maintain that 2017 fourth-quarter iPhone X volumes were at 30 to 35 million and we are very skeptical that volumes will increase in the first quarter of 2018," CLSA analyst Nicolas Baratte wrote in an note Tuesday. "This does not reconcile with the expectation of pent-up demand or push-out to the first quarter of 2018 in our opinion: consumers who wanted to get an iPhone X in December 2017 already have it."
Share Article:
Facebook, Twitter, LinkedIn, Google Plus, Email, Reddit, Digg, Delicious, StumbleUpon
Follow iClarified:
Facebook, Twitter, LinkedIn, Google Plus, Newsletter, App Store, YouTube
Post a Comment