ADVERTISEMENT

Apple's waning iPhone demand means the big jump in prices won't be enough, analyst says (AAPL)

The Apple iPhone's revenue growth has been driven by higher average selling prices, but that setup is no longer enough to offset waning demand.

4. The iPhone XR is heavier than the iPhone XS.
  • A handful of iPhone suppliers recently cut their outlooks, citing weaker smartphone demand.
  • These iPhone supplier's guidance cuts suggest a 5% drop in 2019 iPhone unit sales, which is larger than the price increase, Guggenheim says.
ADVERTISEMENT

Apple's eye-popping iPhone revenue growth has been mainly driven by higher average selling prices (ASPs), but that setup is no longer enough to offset waning demand, according to one Wall Street analyst.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Africa's gaming gold rush: Unveiling the surge in online gambling

Africa's gaming gold rush: Unveiling the surge in online gambling

Seven African countries added to Meta's AI service coverage

Seven African countries added to Meta's AI service coverage

10 African countries with the lowest inflation rates in 2024

10 African countries with the lowest inflation rates in 2024

Davido launches his label Nine+ in partnership with UnitedMasters

Davido launches his label Nine+ in partnership with UnitedMasters

Nigeria's economic ranking drops to fourth in Africa

Nigeria's economic ranking drops to fourth in Africa

Moscow inaugurates its House of Africa

Moscow inaugurates its House of Africa

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

The CBN justifies $2b billion loss in forex, dispelling Naira defense claims

10 best airports in Africa in 2024

10 best airports in Africa in 2024

10 most expensive cities in Africa in 2024

10 most expensive cities in Africa in 2024

ADVERTISEMENT