Apple's 2023 Holiday Season Looks Cloudy: Key Supplier Predicts A Decline In iPhone Demand
Portfolio Pulse from Rounak Jain
Apple Inc.'s key supplier, Foxconn Technology Co. Ltd., predicts a decline in iPhone demand in 2023, which could lead to a weak holiday season for Apple. This is due to an expected slowdown in the global smartphone industry. Apple is expected to see a 2% decline in iPhone revenue in September, the largest fall since 2016. However, Apple might offset some of this impact with an expected $100 increase in iPhone 15 Pro and iPhone 15 Pro Max prices.
August 14, 2023 | 12:46 pm
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NEGATIVE IMPACT
Apple could face a weak holiday season in 2023 due to a predicted decline in iPhone demand. However, a price increase in the iPhone 15 Pro models may offset some of the impact.
The prediction of a decline in iPhone demand by Foxconn, a key supplier, could negatively impact Apple's revenue and stock price. However, the expected price increase in the iPhone 15 Pro models could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Foxconn, a key supplier for Apple, predicts a decline in iPhone demand in 2023, which could impact its sales and revenue.
As a key supplier for Apple, a decline in iPhone demand could lead to a decrease in Foxconn's sales and revenue, potentially impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80