Apple shares tank on iPhone sales warnings

Apple shares tank on iPhone sales warnings

He's got an wonderful track record-and that's not even to mention that Apple has announced it will stop reporting unit sales of its iPhones next quarter, suggesting Apple is expecting a downturn as well.

The poor performance of the XR is lowering the prediction for total iPhone shipments as well, which are expected to be down 15-20% in the first quarter of 2019 compared to this years Q1.

The well-known Apple analyst said iPhone XR shipments during the forth quarter of this year could be supplanted by the older, cheaper iPhone 8 and iPhone 7, and the top-of-the-line iPhone XS models, according to 9to5Mac.

Among other Apple suppliers, South Korea's LG Innotek Co., which gets about half its revenue from Apple, slid as much as 9.5 percent.

The driver of the projected sales slump is that Apple's new $749 phone, the lower-end iPhone XR, might not be the hot seller that Apple had hoped, and the company may be cutting orders for the device.

These data points come as fears emerge that there is weak demand for Apple's products in emerging markets, including China, partly driven by a strong dollar making iPhones more expensive.

A recent report noted that Apple's directive to suppliers translates to about 100,000 fewer iPhone XRs being made each day.

Samir Nasri to make return with West Ham when drugs ban ends
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Apple's stock fell 5% today, reaching its lowest level in almost four months, after key suppliers cut their forecasts citing reduced orders from a major customer.

The iPhone XR began shipping on October 25th and, since then, has been mired with speculation of weak sales. The company said it reflected a strategic shift toward services and away from hardware revenue.

Apple has lost $120 billion in market capitalisation since the last trading day of September, and many analysts are warning that the brief days of Apple being a trillion dollar company are over.

More recently, Apple launched a new version of its operating system, iOS 12, that supports an unprecedented 28 of the company's devices, including models that went on sale in 2013. "We worry (based on FY Q1 guidance) that iPhone units are likely to decline this year, potentially suggesting that ASP increases are unsustainable going forward and note that the stock trades at close to 5 year highs on all valuation metrics".

"Jim, let me just add a couple things to that for color". The second thing is this is a little bit like if you go to the market and you push your cart up to the cashier and she says, or he says how many units you have in there?

"For Apple, the iPhone shipment has reached its peak".

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