The new iPhone X is seen in the Apple Store Union Square on November 3, 2017, in San Francisco, California. Apple's flagship iPhone X hits stores around the world as the company predicts bumper sales despite the handset's eye-watering price tag, and celebrates a surge in profits. / AFP PHOTO / Elijah Nouvelage
A closely watched Apple Inc analyst has whacked about 23% off his initial projections for iPhone X shipments, citing weak Chinese demand.
Apple should move 62 million units of its most expensive smartphone over its lifetime, down from an earlier estimate of 80 million, Kuo Ming-chi of KGI Securities wrote in a note dated Jan 18. Kuo’s was the latest in a series of downgrades since December, as analysts re-assess the global reception for the US company’s most advanced device. He expects production to stop sometime this year as Apple rolls out newer versions in the second half.
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