Technology
Rosenblatt: iPhone XR sales improved in China
Published:
Last Updated:
From a note to clients by analyst Jun Zhang that landed on my desktop Wednesday morning:
Â
We believe iPhone XR sell-through largely improved during China’s “11.11 holiday” due to many online retailers providing a 10-15% discount on the iPhone XR.
Our research indicates that iPhone XR unit sales (after one month of unit sales) have reached iPhone Max unit sales and have surpassed iPhone XS unit sales (after two months of unit sales) in China. The improvement in iPhone XR sell-through rates is encouraging. Despite this improvement, we continue to believe iPhone XR production may still face some downside risk after the holiday season, as we believe current iPhone XR production is still above sell-through rates.
Maintains Neutral rating and $200 price target.
My take: Zheng blows hot and cold on Apple. When he blows cold, the stock gets a runny nose. When he blows warm? We’ll see.
See also:Â Rosenblatt trims iPhone XR estimate by 6 million units
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
