Apple shares fall after iPhone chipmaker cuts sales forecast

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iPhone X laying down
I wanted a Galaxy S10, but I'm stuck with iPhone.
Photo: Ste Smith/Cult of Mac

Apple shares fell 3 percent this morning after iPhone chipmaker Taiwan Semiconductor Manufacturing (TSMC) cut its revenue forecast for the second quarter of 2018.

The company and industry analysts point to weak demand for high-end smartphones as the main reason for the poor guidance. This likely has something to do with the fact that iPhone X sales have been in the gutter since early hype quickly died out late last year.

HomePod inventories pile up after early demand dies quickly

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Apple HomePod volume controls
HomePod sales are already suffering.
Photo: Ste Smith/Cult of Mac

Apple has been forced to cut HomePod orders as inventories continue to build up in its retail stores, according to a new report.

The $349 speaker enjoyed a promising start when it made its debut in February, but demand has fallen quickly as smart speaker shoppers turn to more affordable options from the likes of Amazon.

iPhone X spells doom for pricey smartphones

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iPhone X laying down
I wanted a Galaxy S10, but I'm stuck with iPhone.
Photo: Ste Smith/Cult of Mac

iPhone X looked set to become the beginning of a worrying smartphone trend when it went on sale last November, sporting a hefty $1,000 price tag. We were sure future flagships would be similarly expensive. But consumers just aren’t having it.

With iPhone X demand showing no signs of improvement in 2018, analysts are warning that the market “may not tolerate” rising smartphone prices.

iPhone will grab more market share as Samsung falls in 2018

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iPhone plus model next to iPhone X
New iPhones will require millions of new displays.
Photo: Ste Smith/Cult of Mac

The iPhone will gain market share as Samsung loses its grip in 2018, according to new predictions.

Apple is one of just three companies that are expected to see growth this year following weaker-than-expected smartphones sales in late 2017. TrendForce expects total handset production to grow just 2.8 percent, down from the 5 percent previously expected.

Is iPhone X demand really weaker than anticipated?

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iPhone X
Ready to ditch your iPhone X already? There's still time to get a great price!
Photo: Ste Smith/Cult of Mac

Demand for iPhone X has nosedived since the holidays, according to recent reports, which wiped $46 billion off Apple’s market value in under a week. But is that really true? Was Apple really anticipating sales of 40 million units in the second quarter of 2018?

Let’s take a more realistic look.

2017 was a great year for Mac sales

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Mac
Isn't it time you swapped that dusty old Mac for a new one?
Photo: Ste Smith/Cult of Mac

Mac shipments rose in a competitive computer market last year to give Apple a greater market share. The company, alongside HP, enjoyed impressive growth year-over-year, while big players like Asus and Acer saw their shares fall.