Wall Street analysts lower forecasts for the number of sold iPhone. The experts lowered its forecast for the second quarter of 2016. This, however, did not affect the quotations of the “Apple” giant.
In a note to clients, RBC Capital Markets has revised its estimate for the supply of Apple’s smartphone. Experts expect the release of 39.5 million iPhone in the period from April to June 2016, which is 8 million less compared to the same period a year ago. In the second quarter of 2015 iPhone sales amounted to 47.5 million
One of the main reasons for the decline in sales of smartphone experts is not called the most significant differences of the iPhone 6s and iPhone 6s Plus from last year’s models iPhone 6 and iPhone 6 Plus. In addition, affected by the overall slowing mobile market.
In the first quarter of this year, Apple recorded iPhone sales decline for the first time since the launch of smartphones in 2007 and the first decrease in earnings since 2003. For three months the company sold 51,19 million iPhone vs 61,17 million for the same period of the previous year. Apple cut its net profit by 22.8% to $10.5 billion compared with $13.6 billion, profit per share decreased by 18.5% on the buyback program, from $2.33 up to $1.90 in.
Problems Apple did not surprise experts. In January this year, the company reported a projected decline in quarterly revenue. In a number of currencies, which impacted the competitiveness of the California-based company, was named pound sterling, Australian and canadian dollars, Mexican peso, Brazilian real, Turkish Lira and the ruble. Similar complaints, incidentally, came not only from Apple but also its competitors.
For the current fiscal quarter, Apple expects revenue in the range of $41 billion to $43 billion and the Consensus forecast of Wall Street were significantly higher – us $47.3 billion
