Analyst Lowers iPhone Sales Forecast – Cutting iPhone XS Max Estimation by Nearly Half

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For the 1st quarter of 2019, another analyst is cutting iPhone demand. According to a report from Reuters, Citi Research has now lowered its forecast from 50M-45M for the first quarter of 2019 due to weak iPhone XS Max demand.

Well, Citi cutting is overall iPhone delivery forecast by 5M – and iPhone XS Mas shipment is seeing a lot bigger hit. Sources have claimed that a firm has lowered its forecast for 6.5-inches handset by a massive 48% for the 1st quarter of 2019.

apple iphone update

According to Citi analyst Mr. Yang well-explained that an iPhone is entering a destocking period which is indeed not really good for a supply chain.

In a note, Mr. Yang wrote,

“The material cut in our forecasts is driven by our view that 2018 iPhone is entering a destocking phase, which does not bode well for the supply chain”

So far, Apple iPhone XS Max in Australia is the most expensive smartphone in the world of smartphones – starting at $1099 and goes for up to $1449.

Frankly, Citi Research isn’t the first one to cut iPhone forecasts Q1 2019, a couple of days back, around 124 comments iPhone orders for a March quarter of 2019.

According to Rosenblatt,

“The iPhone XR will take the biggest hit with Apple cutting orders by some 2.5M units only”

The Ming-Chi, on the other hand, also cut his iPhone sales estimates for Q1 2019 by 20%. Also predicts sales somewhere in between 38 million to 42 million which is down as compared to the 1st quarter of 2018 (above 50 million).

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the authorStaphanie Kyle
Staphanie Kyle is one of the youngest members managing gadget reviews and other high priority news and stories for TechenGuru. When she isn’t working, you can find her listening songs and watching documentaries and sports.
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