Apple (NASDAQ:AAPL) stock fell 1.8% on Wednesday after a report from TF International Securities analyst Ming-Chi Kuo said iPhone 16 orders will decline by about 10 million units over the next few quarters. did. Kuo pointed out that the cuts mainly affected non-professional models.
“iPhone 16 orders decreased by approximately 10 million units from Q4 2025 to April 1, 2025, most of which affected non-Pro models,” Kuo said on his blog. As a result, production volume in the second half of 2024 is expected to increase from approximately 88 million units to 84 million units.
Kuo’s latest forecast calls for 80 million, 45 million and 39 million iPhones to be produced in the next three quarters, respectively. Comparable periods at the end of 2023 and beginning of 2024 show declines of 84 million, 48 million, and 41 million units in real terms. Kuo said that despite the cuts, mass production of the iPhone SE4 is scheduled to begin in December, with an estimated production volume of about 8.6 million units. Mr. Kuo’s remarks came two weeks after he made it clear that the parliamentary order remained largely constant.
This article first appeared on GuruFocus.
