Rosenblatt China Technology analyst Jun Zhang is out with a new report which estimates that Apple sold 6 million iPhone X units over the Black Friday holiday shopping weekend.
Zhang issues a Buy rating on AAPL and believes that iPhone X production has already increased to 3 million units/week and could rise further to 4 million units/week in December.
So far Zhang predicts that Apple has sold 15 million units of the iPhone X with 6 million of those coming this past weekend. Demand for the 256GB model appears to be double that of the 64GB model which of course will help Apple's gross margins and average selling price.
The firm expects seasonality to kick in after the inventory build up and has cut March quarter units by 5 million, shifting three of those into the December quarter. Rosenblatt now estimates sales of 30 million in the December quarter and 40 million in the March quarter.
[via Street Insider]
Zhang issues a Buy rating on AAPL and believes that iPhone X production has already increased to 3 million units/week and could rise further to 4 million units/week in December.
So far Zhang predicts that Apple has sold 15 million units of the iPhone X with 6 million of those coming this past weekend. Demand for the 256GB model appears to be double that of the 64GB model which of course will help Apple's gross margins and average selling price.
The firm expects seasonality to kick in after the inventory build up and has cut March quarter units by 5 million, shifting three of those into the December quarter. Rosenblatt now estimates sales of 30 million in the December quarter and 40 million in the March quarter.
[via Street Insider]