If you want to gauge future auto output, you could check how many cars are coming off Detroit’s production lines. A similar check has prompted one analyst firm to reduce its revenue estimates for Apple. A “notable” drop in production at iPhone manufacturer Foxconn could result in fewer products available to consumers.
After hitting 84 percent year-over-year growth in December, the manufacturer grew just 37 percent in January and 26 percent in February, according to JMP Securities. Growth is “tracking well below” 70 percent sales growth for the March quarter, and 50 percent in June, analyst Alex Guana told investors Wednesday.