IPhone domestic sales drop 28% in January Apple cancels revenue outlook for the first quarter.
By Jacquetta Altenhofen 2020-02-27 1231 18
Chinese consumer demand for iPhone fell 28% compared with the previous month, more than in the same period in previous years, according to a research report by UBS, citing official Chinese data. And it's not over yet. ", (iPhone) sales in February are likely to be much worse than in January due to supply and demand problems caused by the coronavirus," UBS analyst Timothy Akuri (Timothy Arcuri) wrote in the report.
Earlier, Apple cancelled its revenue outlook for the first quarter of this year, saying that the coronavirus had affected the company's sales and reduced production. Akouri said that the current situation is not stable, so Apple has not given a new revenue outlook. The speed of Apple's recovery in the second quarter is more dependent on the demand side, but the demand side is very difficult to predict.
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