IPhone x first quarter output 53 million units basically meet expectations

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According to the technology blog AppleInsider News, Cowen and company analyst Carl Akman (Karl Ackerman) reported to investors in Tuesday that, based on his research on the supply chain, the IPhone x output in the first quarter of this year was in line with expectations, But output in the second quarter may be lower than expected.

IPhone x first quarter output 53 million units basically meet expectations

IPhone x first quarter output 53 million units basically meet expectations

In his report to investors, he said last week’s study of the Asian supply chain showed that iphone x production was about 53 million in the first quarter of this year, “roughly in line” with his forecast of 30 days ago. At the time, Mr Ackermann projected an iphone x output of 52.5 million in the first quarter.
Mr Ackermann said the market continued to cut future output forecasts for the iphone x, although overall output in the first quarter was largely in line with expectations. He hinted that the IPhone x produced 17 million units in the second quarter, less than the estimated 21 million units one months ago. However, Apple’s first-quarter iphone x sales are likely to be slightly higher than output, given the error in the iphone x output and shipments in the fourth quarter of last year.
Mr Ackermann’s views, similar to those of other analysts, argue that the iphone may not be able to sustain the expected level of demand.