Despite Apple stock having fallen to reflect lower iPhone X demand, one Wall Street analyst claims that expectations are “still too high.”
In a note to clients, Nicolas Baratte of CLSA says that any estimate over 35 million for Apple’s fourth quarter iPhone X volume estimate is overstating demand. The prediction follows hot on the heels of a Taiwanese news report claiming that weak demand has caused Apple to cut orders for the iPhone X from 50 million to 30 million units.
