Thursday , March 4 2021

Apple Stock Falls like an iPhone XR inventory called "bloated"



Evidence continues to prove this AppleThe (. AAPL) latest iPhones do not promote the type of uptick sales that are expected on Wall Street. One analyst said iPhone XR stocks were "bloated", resulting in a drop in production plans, and Apple stocks fell.




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JPMorgan announced on Monday that it now expects the iPhone shipments to drop slightly for the 2018 and 2019 calendar years. It reduced its earnings estimate for a reduced iPhone sales forecast.

JPMorgan analyst Samik Chatterjee cut his target for Apple's stock of 266 out of 270 but retained its excess weight. Apple's stock market fell 5% to 194.17 days on Wall Street's stand-by day on the stock market today.

He blamed the weaker macroeconomic background for emerging markets and the "clean" iPhone XR's demand for lower than expected iPhone sales.

In his opinion, the demand for the higher-end iPhone XS and XS Max is better than expected, partly offsetting the lower-than-average sales of the iPhone iPhone XR.

IPHONE XR production cuts come to suppliers

Longbow Research announced on Monday that "a sharp drop in iPhone production" is affecting component vendors. Longbow rates Apple shares neutral.

Local inspections with suppliers last week emphasized the reduction of iPhone orders by 20% to 30%, Longbow analysts in Shawn Harrison and Gausia Chowdhury report. The clips were mainly related to the iPhone XR and XS Max. Apple has increased orders for less expensive, older iPhone models, including iPhone 8, they said.

Also, the Internet search trends for iPhone in China "dropped out in October," they said. This is a sign of "troubling China's demand".

Apple iPhone Story "Showing Cracks"

"The iPhone story shows the cracks with contacts now referring to weaker iPhone orders year and year Baidu (BIDU) iPhone search trends highlighting the red flag, "they wrote.

IPhone component supplier Lumentum Holdings (LITE) for the first time reduced its fiscal revenue management by about 17% in the second quarter and a 25% profit forecast after it was considered that Apple did not import a customer, significantly reduced orders. Lumum makes 3D sensors that enhance the facial recognition technology of Apple's latest iPhone devices.

Also on Monday, the Japan Display, one of the main displays for mobile phones, lowered its annual guidelines by referring to "unsustainable customer demand."

Last Thursday, another iPhone supplier Skyworks Solutions (SWKS) issued quarterly quarterly guidelines that were well below Wall Street's targets. Skyworks blamed the decline in high-tech smartphone sales and China's overall softness, which led to unpleasant solutions. Skyworks makes iphone power control, radio frequency and other chips.

KeyBanc Capital Markets said in its latest survey of wireless operators that showed an in-line demand for the iPhone XS and XS Max. But "The sale of iPhone XR has been inadequate," analyst John Win said in a note to customers on Friday. He called the iPhone XR inventory "bloated".

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