TF International Securities' Ming-Chi Ming-Chi Kuo, Wall Street's most widely-followed Apple analyst, has cut the tech firm's Q1 2019 shipping estimates by one-fifth, from the forecast range of 47 million to 52 million, to between 38 million and 42 million. In a note, Ming-Chi Kuo said Apple's 2019 iPhone shipments will slip by between 5% and 10%, and are likely be fewer than 190 million units. The note cites low demand for its latest model, the iPhone XR. Apple shares have fallen by more than 26% during Q4 2018.
TF International Securities' Ming-Chi Kuo, Wall Street's most widely-followed Apple analyst, has cut the tech firm's Q1 2019 shipping estimates by one-fifth, from the forecast range of 47 million to 52 million, to between 38 million and 42 million. In a note, Kuo said Apple's 2019 iPhone shipments will slip by between 5% and 10%, and are likely be fewer than 190 million units. The note cites low demand for its latest model, the iPhone XR. Apple shares have fallen by more than 26% during Q4 2018.