Apple analyst Ming-Chi Kuo says iPhone shipments for the current product cycle "have peaked"
![KGI analyst Kuo has lower than consensus estimates for shipments of the Apple Watch over the next two quarters - Apple analyst Ming-Chi Kuo says iPhone shipments for the current product cycle "have peaked"](https://m-cdn.phonearena.com/images/articles/183674-image/shiip.jpg)
KGI analyst Kuo has lower than consensus estimates for shipments of the Apple Watch over the next two quarters
KGI Securities analyst Ming-Chi Kuo is known for making accurate forecasts to clients when it comes to all things Apple. In a note to investors that leaked out on Saturday, Kuo posted some forecasts about Apple's upcoming fiscal second quarter report that is expected to be released after the market closes on Monday. The analyst sees Apple reporting iPhone shipments of 58.3 million units for the January through March period. That would be a drop of 21.8% from the previous quarter's iPhone shipments, which amounted to 74.5 million units. On the other hand, it is an increase of 33.3% from last year's fiscal second quarter number.
Kuo expects Apple to ship 3.8 million units of the Apple Watch for the company's fiscal third quarter, which started this month and ends in June. Not only is the analyst's forecast below Wall Street's consensus estimate of 5 to 10 million units, it is below the 4.5 million Apple Watches that the company will build during the three month period.
Apple will release its second fiscal quarter earnings on Monday following the 4pm EDT close of financial markets in the U.S. We will provide you with the figures as soon as they are made public.
via: AppleInsider
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