Home > Brands > Apple > JP Morgan Slashes iPhone X Q1 & Q2 Sales Forecast

JP Morgan Slashes iPhone X Q1 & Q2 Sales Forecast

American securities firm, JP Morgan, has further slashed its sales estimates for the iPhone X, dropping Q1 forecasts from 55 million to 52 million, and Q2 from 45 million to 42 million.

The company has also reportedly cut its Q1 production estimates for Apple’s tenth anniversary smartphone by 25%, from 20 million to 15 million.

As reflected in Apple’s recent earnings report, the iPhone X has contributed a notable amount of revenue for the Californian tech giant, however, the device’s volume sales were comparatively lower on a year-on-year basis.

Average revenue derived per iPhone X is reportedly US$797, which is somewhat higher than the $755 figure market commentators forecast.

You may also like
Leaked Patent Filing Reveals Interesting Uses For Apple AirTags
iPhone 12 Reviews: Better Camera, Nice Design But 5G Sacrifices Battery Life
Adobe Brings Illustrator To iPad After Photoshop Debacle
Apple Rivals MTV With Launch Of 24-Hour Music Video Streaming
Apple Compatible Magnet Phone Case Hits $100k Crowdfunding Goal In 48 Minutes