Over the past few weeks, shares of Apple have been in something of a free fall, plummeting from an all-time high of $231 this past October to about $165 earlier this week. The reason behind the somewhat abrupt decline in value can be traced back to a November report claiming that iPhone XR demand is lower than anticipated and that Apple has slashed component orders. Since then, subsequent reports — often sourced from supply chain rumors — have all echoed the same point, namely that folks aren’t picking up the iPhone XR in droves. While it’s admittedly never a good idea to place too much stock in supply chain rumors, the chorus of reports pointing to lukewarm interest in the iPhone XR became impossible to ignore.
The thing is, we’ve been down this road before. Over the past few years, there have been a number instances where rumors regarding sluggish iPhone sales have turned out to be completely off the mark, if not completely baseless. In light of that, a new report from Bloomberg relays that Apple’s top two manufacturing partners — Foxconn and TMSC — both reported strong revenues for November. Specifically, both companies saw revenue surge by about 5.6% last month. In short, the hysteria surrounding iPhone XR demand may be just that: Hysteria.
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Shocking! Apple’s iPhone sales might actually be stronger than expected originally appeared on BGR.com on Tue, 11 Dec 2018 at 13:57:07 EDT. Please see our terms for use of feeds.
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