iPhone 16 Series Production Data Unveiled By Top Apple Analyst: 9M To 16M Units Shipments For August And September Expected
Portfolio Pulse from Ananya Gairola
Top analyst Ming-Chi Kuo has updated the production data for Apple's iPhone 16 series, forecasting shipments of 88-89 million units in 2024. The iPhone 16 series is expected to see a 10% YoY growth in Q3 2024 but a decline in Q4 2024 and Q1 2025. Foxconn and Luxshare ICT are the main EMS providers. Despite mixed expert opinions, the iPhone 16 launch is anticipated to boost Apple's stock.
September 09, 2024 | 7:35 am
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Apple's iPhone 16 series production forecast has been slightly increased, with shipments expected to grow 10% YoY in Q3 2024 but decline in Q4 2024 and Q1 2025. Despite mixed expert opinions, the launch is expected to boost Apple's stock.
The increase in production forecast for the iPhone 16 series suggests strong demand, which is positive for Apple's stock. However, the expected decline in shipments in Q4 2024 and Q1 2025 due to seasonality and competition from Huawei's new phone could temper this optimism. Overall, the anticipation of the iPhone 16 launch is likely to boost Apple's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100