Apple’s iPhone production is stable – TD Cowen

iPhone 15
Apple’s iPhone builds continue to hold steady “despite anecdotes of weaker China demand,” according to TD Cowen analysts’ forecasts.
Brandon Evans for Seeking Alpha:
‎

Apple is estimated to build 48M iPhone units during the first quarter of calendar year 2024, according to TD Cowen’s forecast, which would be a year-over-year decline of 14%. It drops to 39M for the second quarter, a year-over-year drop of 7%.
“We note that softer China demand and signs of discounting could be a moderate headwind,” said TD Cowen’s Krish Sankar.
Smartphone sales in China increased to 31.8M during January, a 68% year-over-year jump, but consumer demand has remained mixed since the February Lunar New Year period, TD Cowen finds.
Qualcomm expects a decline in demand during the second quarter of 2024 due to typical seasonality, according to TD Cowen’s Matthew Ramsay.

‎
MacDailyNews Take: Steady as she goes until, hopefully, with new AI-driven features, iPhone 16 will kick off a new super cycle for Apple!
‎
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
The post Apple’s iPhone production is stable – TD Cowen appeared first on MacDailyNews.