Apple cuts iPhone 11 Pro Max orders as it increases iPhone 11 production
The iPhone 11 is much more popular than the iPhone XR
The latest research note (via AppleInsider) by Jun Zhang of Rosenblatt Securities, who is known for providing a very pessimistic view of Apple’s business, claims the Cupertino-based company is on track to sell a combined 70 million iPhone 11 and iPhone 11 Pro units by the end of 2019 thanks in large part to the success of the $699 model.
Since it first launched in late September, Apple is believed to have shipped 12 million units of the standard iPhone 11. This figure is around 15% higher than the first-month sales of its predecessor – Apple’s iPhone XR – which was released exactly one year ago and is the main reason production orders are now being adjusted to include an extra 1.6 million iPhone 11 units.
Apple's iPhone 11 Pro series might be a sales disappointment
Numerous reports suggest the iPhone 11 Pro and iPhone 11 Pro Max are outperforming expectations in the US and around the globe but Jun Zhang has a noticeably more negative take on the situation. His latest research indicates the premium devices are actually a bit of a sales disappointment. To be specific, Zhang says sales of the iPhone 11 Pro series are currently down 15% when compared to sales of last year’s iPhone XS lineup. Because of this, Apple is reportedly planning a revision that’ll see iPhone 11 Pro Max orders decrease by around 2 million units.
Negative growth is predicted for the first six months of 2020
As Apple moves into next year, Zhang believes the company is going to register a noticeably more pronounced sales drop than the one experienced in early 2019. This will reportedly lead to a year-on-year shipment decline that can be attributed to the age of Apple’s newest devices once the Christmas shopping season is over.
Although this year’s iPhone 11 Pro series launched at the same time as last year’s iPhone XS lineup, the cheaper iPhone 11 has already been available for an extra month. Apple, therefore, registered extra sales during September and will undoubtedly ship more devices throughout the fourth quarter which, in turn, means demand in the early months of next year will be weaker.