According to Apple analyst Ming-Chi Kuo, the Apple iPhone XR demand has been lower than expected. Kuo has slashed his overall iPhone shipment forecast by 20% for the first quarter of 2019. However, Kuo now expects Apple to move 38-42 million iPhones in the quarter, down from an original estimate of 47-52 million. Apple reported sales of 52.2 million iPhones in the first quarter of 2018, which corresponds with the Q2 of Apple's fiscal year. This means that 38 million shipments in the first quarter of 2019 would be a significant year-over-year decline. As for the iPhone XR in particular, Kuo has revised his shipment estimate to 15-20 million for the Q1 2019, down from 20-25 million. Kuo estimates annual iPhone shipments will fall between 205 million and 210 million in 2018 and based on that, forecasts that annual iPhone shipments in 2019 will decline up to 10% to a range of 188 million to 194 million. This would fall below Wall Street's consensus estimate of around 212 million units in 2019. Apple will no longer be disclosing unit sales in its quarterly earnings reports going forward, so investors will have to look towards iPhone revenue to determine how well the handset is selling. If sales are ...
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