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Citi slashes sales outlook for iPhone XS Max by nearly half

Citi Research has joined a originating directory of psychoanalysts to lower first-quarter make estimates for Apple’s iPhones amid slackening demand for the smartphones.

Citi Research analyst William Yang chipped the overall iPhone shipment outlook by 5 million to 45 million for the one-quarter, reported Reuters. That’s a stinging that descends in line with others such as influential TF International Certificate Apple analyst Ming-Chi Kuo, who extradited a less than stellar iPhone projection earlier this month.

It’s Yang’s outlook for the 6.5 -inch iPhone XS Max that is particularly somber. In a research record to patrons, Yang slashed the shipment estimated for the iPhone XS Max by 48 percentage for the first quarter of 2019.

The cut in Citi’s prognosis is driven by the firm’s considered it important that” 2018 iPhone is entering a destocking chapter, which does not bode well for the supply series, ” Yang wrote.

Two weeks ago, Kuo predicted that 2019 iPhone shipments will likely between 5 to 10 percent lower than 2018. He too lowered first one-fourth shipment predictions by 20 percent.

Read more: feedproxy.google.com

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