Apple Analyst Ming-Chi Kuo Post On X, "To avoid any misunderstanding, the 10 million units cut is the sum of three-quarters of cuts (from 4Q24 to 2Q25)"
Portfolio Pulse from Benzinga Newsdesk
Apple analyst Ming-Chi Kuo clarified on X that the 10 million units cut in production is spread over three quarters, from Q4 2024 to Q2 2025.
October 23, 2024 | 4:14 pm
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Ming-Chi Kuo clarified that Apple's 10 million unit production cut is spread over three quarters, which may alleviate concerns about a sudden large reduction in production.
The clarification by Ming-Chi Kuo suggests that the production cut is not as abrupt as previously thought, which may stabilize investor sentiment. However, the overall reduction still indicates potential challenges in demand or supply chain, keeping the short-term impact neutral.
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