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More analysts lower iPhone sales estimates based on ‘flagging demand’ for iPhone X

March 19, 2018

Via: 9to5Mac
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More analysts are piling-in on reports of disappointing sales of the iPhone X, downgrading their estimates of 2018 iPhone sales.

Business Insider got sight of a couple of analyst notes yesterday and today, one each from Longbow and Nomura…

Yesterday’s report says that Longbow Research expects flat or declining sales for much of the year.

Sources inside Apple’s Asian manufacturing supply chain paint a much gloomier picture than Cook. This period of flat or declining sales is likely to continue for much of the rest of the year, they told Longbow Research analysts Shawn Harrison and Gausia Chowdhury. “The iPhone X didn’t sell well during the holiday season,” one told the Longbow team. “We didn’t get as many 1Q orders as previously anticipated.”

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