Top Apple analyst says that the worst will be over soon for the iPhone

Top Apple analyst says that the worst will be over soon for the iPhone
Ming Chi-Kuo is considered one of the top Apple analysts in the business. In the past, he has made amazing calls on specs and features of upcoming iPhone models several months in advance. Now toiling for TF International Securities, when Ming says something about the iPhone, ignore it at your own risk. For example, according to MacRumors, the analyst says that the current slowdown in demand for Apple's iOS flavored handsets will be "soon over."

Citing lower than expected demand for the 2018 iPhones in China and in developing markets, Ming cut his estimates of iPhone shipments for the first calendar quarter of 2019 from a range of 38–42 million units to 36–38 million units. But the analyst expects a rebound starting with the second quarter, which runs from April through June. For those three months, Ming sees Apple delivering 34 million-37 million handsets, higher than the 30 million-35 million expected by Wall Street.

If the analyst is on track as usual, Apple's 29% year-over-year decline in calendar Q1 shipments will be followed by a lower 14% year-over-year decline for Q2 shipments. And the second half of this year will show even more improvement with deliveries over the last six months of 2019 matching the same period from 2018. That is, barring any worsening of the U.S.-China trade war.

For all of calendar 2019, Ming expects Apple to ship 188 million-192 million iPhones. Computing this statistic will require the use of anecdotal evidence now that Apple has decided to stop reporting iPhone sales every quarter.
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