Securities firm JP Morgan has reduced its production estimates of the Apple iPhone X by 25% from 20 million in Q1 to 15 million. Meanwhile, analyst Narci Chang also lowered estimates by 44% from 18 million units to 10 million for Q2.
When it comes to the sale of iPhones overall, Q1 forecast was reduced to 52M from 55M while Q2 was reduced to 42M from 45M, not as much of a reduction, but still a reduction nonetheless. This is actually – the second one by J.P. Morgan.
Apple’s sales appeared strong when it released the first financial report that included iPhone X sales. However, when you…