Analyst Ming-Chi Kuo Posts On X "iPhone 16 shipment updates; 1. Assembly orders almost remain unchanged. Suppliers had been asked to continue producing two Pro models during China's National Day holiday, indicating that demand for the Pro models has generally met expectations so far. 2. Some component orders for mid-November onwards have been slightly reduced (mainly for the 16 base model and 16 Plus), but by less than 3-5%, which is essentially negligible...."
Portfolio Pulse from Benzinga Newsdesk
Analyst Ming-Chi Kuo reports that iPhone 16 Pro models are meeting demand expectations, while base models see slight order reductions. Overall production estimates for Q4 2024 are slightly lower than last year.
October 09, 2024 | 2:52 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Ming-Chi Kuo's analysis suggests stable demand for iPhone 16 Pro models, with slight reductions in base model orders. Overall production estimates for Q4 2024 are slightly lower than last year, indicating a stable but cautious outlook for Apple's iPhone segment.
The news indicates that demand for Apple's iPhone 16 Pro models is stable, which is positive. However, slight reductions in base model orders and a slightly lower production estimate for Q4 2024 suggest a cautious outlook. This balanced view results in a neutral short-term impact on Apple's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100