New Analyst Report Says That iPhone X Shipments Have Not Fallen

[Maura]

Yesterday we reported on analyst comments that stated that Apple was cutting iPhone X shipping orders for the first part of 2018. Today, AppleInsider reports that another analyst has issued a note that contradicts those reports. According to Jun Zhang from investment firm Rosenblatt Securities, there is no evidence that Apple plans to cut iPhone X production after the holiday season. This is of particular note because Rosenblatt is usually quite negative when it comes to AAPL stock outlook.

Zhang goes on to say that he thinks that the Taiwanese media that was the source of yesterday’s reports was confused and in fact meant to refer to iPhone 8 and iPhone 8 Plus production reduction, which Zhang says started in the December quarter when iPhone X production increased.

In contrast to those analysts who said that iPhone X orders have been cut in the March quarter, Rosenblatt says that iPhone X suppliers will have a flat sequential March quarter. It adds that iPhone component suppliers could see a 25% quarter over quarter decline in spring 2018, but this is typical of that quarter.

Source: Rosenblatt Securities disputes iPhone X order cut rumors, says no changes in Apple's plans