Wedbush Securities, an analytical firm, has lowered its estimates for the iPhone sales figures for 2020 and 2021.
According to analyst Dan Ives, the COVID-19 epidemic will negatively impact Apple's sales. Stop consumers when purchasing a new iPhone.
From Apple Insider report that the income related to the sale of iPhone will decrease by 14% in 2020.
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Wedbush Securities' Daniel Ives believes 2020 iPhone sales revenue will drop 14%, while Apple's revenue in 2021 will decrease by 10%. These figures reflect the great change in terms of consumer demand and global financial decline due to the coronavirus pandemic.
The analyst thinks that during this pandemic, people who are thinking about updating their iPhone will continue to do so. However, Android users and new buyers will either wait or not buy an iPhone.
Consumers who currently see an upgrade opportunity and haven't bought a new iPhone in more than 42 months are likely to do so in the near future. We talk about 325 million people among more than 925 million iPhone users.
Their predictions for 2020 indicate that income will drop 14% from $ 152 billion to $ 131 billion. However, he predicts that there will be a gradual improvement in 2021, although the profits from sales of the bitten apple company will remain reduced by 10%. Apple will suffer a lot with the COVID-19 epidemic, its actions have lost value, many facilities closed and demand is going to be much lower this year. What do you think about this news about iPhone sales?