We Maintain Our $163 FVE for Apple as the Company Might Be Reducing iPhone X Production
Various news outlets, including the Nikkei Asian Review and the Wall Street Journal, have reported that Apple is planning on slashing production of its hero device, the Apple iPhone X, from 40 million units to be built in the March quarter down to 20 million, in light of sluggish demand. We’ve seen enough reports thus far to suggest to us that there is smoke to this fire as we await Apple’s earnings report and revenue forecast for the March quarter on Thursday, Feb. 1. While these reports can on...
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