Smartphone sales in China aren’t going exactly as planned for Apple, so the company is very likely to report disappointing earnings for its fourth fiscal quarter this year.
Goldman analyst Rod Hall believes slower than anticipated sales in this particular market could lead to an overall market decline of 15 percent year over year.
“There are multiple signs of rapidly slowing consumer demand in China which we believe could easily affect Apple’s demand there this fall,” he was quoted as saying in an investor note according to CNBC.
“Much of Apple’s upside potential in our thinking was centered on Chinese demand for larger screen sizes,” the analyst added. “Should weak consumer demand persist and impact the higher end of the market Apple’s potential to beat and raise in FQ4’18 earnings is likely reduced.”
While the new iPhone lineup could slow down … (read more)
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