Phone shipments in the quarter ending in June could decline 20% or 25% year-over-year because of reduced demand stemming from the Covid-19 coronavirus pandemic, top analyst predicts.
is selling better than expected, based on an analysis of shipping times, according to a new research note from TF Securities analyst Ming-Chi Kuo.
Last week, Apple released a new iPhone in the midst of the crisis -- the first iPhone it launched without a major launch event. The iPhone SE uses a classic iPhone design that was first introduced in 2014, updated with modern chips and cameras. It's the lowest-priced phone in Apple's current lineup, starting at $399 in the United States.
Ultimately, Kuo is not optimistic about iPhone sales in the June quarter, as countries around the world have gone on lockdown to slow the spread of Covid-19, hurting consumer confidence and demand.
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