Is Apple's Confidence Waning? iPhone 15 Orders Dip, But This Top-Tier Model May Steal The Show
Portfolio Pulse from Rounak Jain
Apple Inc. (NASDAQ:AAPL) is reportedly expecting lower demand for its upcoming iPhone 15 series, with orders slashed by millions of units compared to the iPhone 14 series. The company has placed 80-90 million orders for the iPhone 15 series for the second half of 2023, compared to 90-100 million orders for the iPhone 14 series last year. However, the share of Apple's most expensive phones, the iPhone 15 Pro Max and the iPhone 15 Pro, is increasing despite the overall decrease in order size.
September 05, 2023 | 9:50 am
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NEUTRAL IMPACT
Apple's expected lower demand for the iPhone 15 series could potentially impact its revenues and stock price. However, the increasing demand for the more expensive iPhone 15 Pro Max and iPhone 15 Pro models could offset this impact.
The news of Apple expecting lower demand for the iPhone 15 series could potentially lead to a decrease in its revenues, which could negatively impact its stock price. However, the increasing demand for the more expensive iPhone 15 Pro Max and iPhone 15 Pro models could offset this impact, as these models likely have higher profit margins. Therefore, the overall impact on Apple's stock price is uncertain at this point.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100