Not exact matches
He raised his
estimate for iPhone
sales for the current fiscal year, which ends at the end of September, to 215 million
iPhones from 208 million.
Sales of
iPhones and related products and services accounted for 46 % of Apple's revenue in the most recent quarter and 58 % in the previous quarter; about 60 % of Apple's profits are
estimated to come from the iPhone.
JPMorgan Chase analyst Gokul Hariharan forecast iPhone
sales for Apple's fiscal 2018 third quarter to be as much as 5 million units below a current analyst consensus
estimate for 42 million to 43 million
iPhones.
Other analysts have also downgraded their previous
sales estimate of
iPhones for Q1 2018, albeit expecting 50 - 54 million units of iPhone
sales.
While Citi dropped its iPhone X
sales estimates for the first half of the year, the analysts still expect Apple to sell more
iPhones than during the same period last year.
The Deutsche Bank report surfaced just before Apple announced fiscal second quarter earnings in which the company sold 50.8 million
iPhones — a 1 percent dip from year's iPhone
sales and below Wall Street
estimates of 52 million
iPhones.