Report: Apple iPhone Shipments Expected to Drop 10% to 15%
Apple shares reportedly dropped 2% after TF International Securities analyst Ming-Chi Kuo said the tech giant expects demand for iPhones to be lower in 2024.The analyst said Apple has lowered its shipments of key semiconductor components, suggesting that shipments of iPhones will drop by 10% to 15%, Bloomberg reported Tuesday (Jan. 30).Apple did not immediately reply to PYMNTS’ request for comment.Kuo wrote in a Tuesday post on Medium: “The iPhone faces structural challenges that will lead to a significant ...