Respected Apple analyst Ming-Chi Kuo just slashed his estimates for the number of iPhone XR units that will sell over the next year. That’s a real turnaround, as Kuo had previously been bullish on Apple’s latest handset.
And he’s not the only analyst expressing concerns about sales of the iPhone XR. But it’s also possible this model is just following a pattern first laid down by the iPhone X.
Analysts have been extremely pessimistic about the iPhone X, with almost daily predictions that Apple’s top-of-the-line model was a flop. And they were all dead wrong. Tim Cook just said the iPhone X has been Apple’s best-selling model for every week since it launched, and that sales of all the company’s phones grew last quarter.
How did the analysts get it so wrong? Here’s what probably happened.
Apple will reportedly release two different next-gen Apple Watch devices, according to a well-connected analyst.
In a note sent to investors over the weekend, KGI Securities analyst Ming-Chi Kuo claims Apple will launch a slight iterative improvement on the Apple Watch later this year, boasting the same overall design but an improved 16nm processor and improved waterproofing. However, really keen Apple Watch enthusiasts will also be able to get the Apple Watch 2, which will reportedly add a host of other improvements.
Forget about the “peak iPhone” problem: Goldman Sachs thinks this year’s iPhone 7 is going to be a big one for Apple.
Coming off the back of Apple selling its billionth iPhone sometime this summer, the bank’s senior equity research analyst Simona Jankowski says the number of people clamoring to get their hands on Apple’s next-gen iPhone will be “remarkably high.”
Apple has never reported a decline in iPhone sales. That may be about to change, however, with seven top Apple analysts all predicting that the company is either experiencing — or on the verge of experiencing — a drop in the number of iPhones being bought.