Trading firm Susquehenna has cut its estimates on the sales of both the iPhone and the iPad from Apple Inc. (NASDAQ: AAPL). The firm cites supply constraints as the reason for the cut in iPhone production, although total annual sales of all iPhone models is still expected to be 80%-100% higher than last year’s sales total of 16.24 million units.
Estimated iPhone Sales Trimmed (AAPL)
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Paul Ausick
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Paul Ausick →
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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