We’re just days away from knowing exactly how much sales of the new iPhone XS and XS Max will be when Apple’s fourth fiscal quarter financial results are announced on November 1st. Analysts are not being overly optimistic and say that we will be disappointed by the decline in iPhone sales in China.
Analyst Rod Hall has said that there are multiple signs of a slowdown in consumer demand in China that could negatively affect Apple’s global sales this fall.
Specifically, this analyst predicts that sales s will fall by 15% compared to Q4 2017 although there have been signs of improvement in the second quarter of the year as we saw in the presentation of the Q3 2018 results.
It seems that Apple has sinned of trusting, since although in China they have a tendency to acquire devices with a screen with enough inches of size, it seems that the deceleration of the market has made that the Chinese do not fall in love so much with the iPhone XS Max as if they expected that Apple would do it.
We hope that in the end the iPhone XR when it goes on sale in the next few days will end up boosting Apple’s sales in this aspect to avoid a disaster in the company’s accounts , although as we say these are simple conjectures of this analyst that may or may not come true.
Based on his analyst’s prediction he does not recommend buying or selling the company’s shares as they could suffer a growth of up to 8% next year, although it is having a hard time right now as it is experiencing a decline in value.
On November 1st, we’ll get out of the woodwork and find out if the new iPhone has won over users. What do you think we’ll see in the next few weeks? Leave your impressions in the comment box.