Citi Research Is Latest Financial Firm to Lower Forecasts for iPhone Shipments
Citi Research cut first quarter production estimates for Apple’s iPhones, Reuters reported Friday, joining a list of other analysts lowering forecasts amid reports of weak demand. Citi projects Apple to make 45 million phones in the quarter, down from 50…
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million it forecast earlier. The brokerage firm lowered the forecast for the iPhone XS Max, which starts at $1,099, by 48 percent. Apple didn’t comment.