Apple’s iPhone XR Is Expected to Be a Winner, but ‘Slow Demand’ Has Made an Analyst Pessimistic
https://wccftech.com/analyst-think-iphone-xr-demand-weak/
Even though the initial supply of the newly released, affordable iPhone XR lasted only four days, analyst Jun Zhang from Rosenblatt Securities says that iPhone XR sales are weak. This comment is in line with what analyst Ming-Chi Kuo said, according to whom the pre-order demand for the iPhone XR was lower than the initial interest displayed in iPhone XS and iPhone XS Max in September.
Based on sales figures extrapolated from various retail channels, Zhang estimates that around nine million units of the iPhone XR were sold, which is a million short of his expectations. Zhang has lowered his iPhone XR shipping forecasts by three million because of weak pre-orders and also predicts that Apple will cut back on the production of iPhone XS and iPhone XR by three million units in November and December, of which 1 million each month would be iPhone XS and iPhone XS Max, and the remaining two million will be iPhone XR.