Analyst Says iPhone Demand Is Falling
According to Wall Street analysts, the love of iPhone is fading. The analyst report comes after Apple published steep declines in revenue in the last quarter from sales in China….
BEIJING, CHINA – JANUARY 07: Apple iPhones are seen on display at an Apple Store on January 7, 2019 in Beijing, China. Apple Inc. lowered its revenue guidance last week, blaming China’s slowing economy and weaker than expected iPhone sales, as the company’s chief executive officer Tim Cook said in a letter to investors the sales problems were primarily in its Greater China region that accounts for almost 20 percent of its revenue and includes Hong Kong and Taiwan. (Photo by Kevin Frayer/Getty Images)
(Photo by Kevin Frayer/Getty Images)According to Wall Street analysts, the love of iPhone is fading.
The analyst report comes after Apple published steep declines in revenue in the last quarter from sales in China.
Analysts say that suppliers of the smartphone are also beginning to feel the heat and say that 37 out of 42 companies are reporting "worse than seasonal sales."
