iPhone Back to Growth as the Poor Demand Is Only History Now
Sales of Apple’s iPhone lineup is expected to increase in the coming months, according to a recent analyst forecast, as the company managed to get past the difficult times after the launch of the 2018 generation.
UBS analyst Timothy Arcuri explains in a note to investors that there are already signs of iPhone sales going up in China, previously one of Apple’s most challenging markets.
However, Arcuri notes that Apple is close to clearing out inventory in China, so the production output is slowly returning to normal values. This is, in turn, good news for suppliers, who have previously been hit hard by the poor demand for the iPhone as well.
The analyst now expects Apple to sell 34.5 million iPhones in the June quarter, up from 32.5 million.
Older iPhones selling strong