The newest provide chain survey from analyst Ming-Chi Kuo means that Apple just isn’t so optimistic about its iPhone shipments in 2024. A lot in order that Apple has lowered its upstream of semiconductor parts with suppliers by as much as 15%. In accordance with Kuo, Apple will see a 10-15% decline in shipments for its iPhone 15 and upcoming iPhone 16 sequence in comparison with shipments numbers for 2023.
Apple can also be going through slumping gross sales in China, the place weekly shipments have been declining by 30-40% on a yearly foundation. Kuo additionally states that foldable telephones and generative AI options are key promoting factors for high-end customers in China and Apple presently doesn’t provide both which is a serious disadvantage. Wanting forward Kuo believes that Apple is not going to deliver any main design adjustments or generative AI options on its iPhones till 2025 which is able to seemingly stoop its cargo momentum even additional.