Kuo: iPhone sales growth to be mostly flat in second half of 2019, says market is too pessimistic
byAndro Alex-0
collected by :Clara William
With a new TF Industries report out today, he says that the 'worst is soon over' and predicts that iPhone shipments beyond March will be higher than market consensus. Try Amazon Prime 30-Day Free TrialKuo says that the market is expecting 2019 iPhone shipments of around 180 million units at the high end. Kuo says calendar first quarter iPhone sales will be in the 36-38 million range. For calendar Q2, Kuo expects iPhone sales to be approximately flat quarter-over-quarter, in the 34-37 million range. Looking further ahead, Kuo expects iPhone shipments in the second half of the year to recover to be mostly flat compared to 2018, with the launch of the new iPhone series in the fall.
Another analyst lowers iPhone sales forecast, this time cutting iPhone XS Max by nearly half
Yet another analyst is cutting iPhone demand for the first quarter of 2019. As reported by Reuters, Citi Research has lowered its forecast from 50 million to 45 million for the quarter, primarily due to weak iPhone XS Max demand. Sylvania HomeKit Light StripWhile Citi is cutting its overall iPhone shipment forecast by 5 million, its iPhone XS Max forecast is seeing a much bigger hit. The iPhone XS Max is the most expensive iPhone sold by Apple, starting at $1,099 for the entry-level model and making out at $1,449. Rosenblatt, however, forecasted that the iPhone XR would take the biggest hit, with Apple cutting orders by some 2.5 million units.
Foxconn December sales plunge as consumers abandon iPhone
as declared in TAIPEI--- Foxconn, Apple's main iPhone supplier, saw December sales plunge by more than 8 percent on last year, as Taiwan's tech sector contracted year on year for the first time in 10 months. Taiwan's key iPhone suppliers are feeling the effects of Apple's struggle to stir demand for its newest products. Other major iPhone component suppliers also felt the sting of sluggish iPhone sales in December. Foxconn's listed metal case making arm, Foxconn Technology -- not to be confused with the whole Foxconn group -- saw 60.18% of sales evaporate in December against last year. We experienced sharp month-on-month sales decline as the slow season has already begun," Pegatron's spokesperson said.
iPhone sales slowdown hits Foxconn
Foxconn, the largest assembler of iPhone smartphones, has shed around 50,000 contract jobs since October, claims a report by Nikkei, which points the finger of blame at slowing iPhone sales. And this is not an isolated case, with Pegatron, which is the second largest iPhone assembler, also cutting seasonal contract jobs far earlier than expected. According to the report, the cutbacks happened far sooner than expcted at Foxconn. This is hitting Foxconn at a time when the company is already focused on consolidation and cutting it workforce. Several other companies closely related to iPhone manufacturing – such as chipmaker TSMC – have slashed forecasts for 2019 amid a sharp decline in demand for smartphones.
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