One more source indicates that sales of the iPhone X are well below expectations, and this time we also get new estimates suggesting just how bad the anniversary iPhone is doing right now.
Citi analysts explain in a recent note to investors that the sluggish demand has dramatically impacted first-quarter sales, so they downgraded their estimate from 27 million to no less than 14 million units.
This means that the iPhone X is expected to sell half of the original numbers, with Apple itself also said to be cutting orders at suppliers, including at Samsung – which makes the OLED display used on the device.
Sales declining even more in Q2
Apple won’t manage to deal with the slow sales in the second quarter, and it’s all going to get even worse, according to the forecast. Citi says iPhone X sales could drop to no less than 7 million in the seco… (read more)
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