CEO of 5Rivers, Manpreet Singh Tweets "Apple iPhone 15 estimates cut at Mizuho on supply snags. The iPhone 15 series 2023 production outlook was cut from 84 million to 73 million, and the overall iPhone production outlook was cut from 227 million to 217"
Portfolio Pulse from Happy Mohamed
Mizuho has cut its production outlook for Apple's iPhone 15 series in 2023 from 84 million to 73 million units. The overall iPhone production outlook has also been reduced from 227 million to 217 million units.
August 25, 2023 | 1:30 pm
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NEGATIVE IMPACT
Apple's iPhone 15 series and overall iPhone production outlook for 2023 has been cut by Mizuho, potentially impacting Apple's future revenues and stock price.
The reduction in the production outlook for Apple's iPhone 15 series and overall iPhone production by Mizuho indicates potential supply chain issues. This could lead to lower sales and revenues for Apple in 2023, which could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100