TECH - iPhone16 Projections Questioned: Ming-Chi Kuo Says Expecting Apple Intelligence To Drive Sales 'May Be Too Optimistic' | Benzinga
Top analyst Ming-Chi Kuo has cast doubt on the anticipated surge in Apple Inc.’s (NASDAQ:AAPL) upcoming smartphone series, iPhone 16 sales.
What Happened: On Thursday, Kuo, an analyst at TF Securities stated that Apple has not ramped up its iPhone 16 orders, contrary to certain reports.
His latest observation came after the latest earnings reports from Apple suppliers TSMC and Largan. Neither TSMC nor Largan have reported an increase in unit growth, and Largan’s orders for high-end models in 2024 are on par with those of the previous year, according to Kuo.
Kuo estimates that Apple’s iPhone 16 orders for the second half of 2024 are around 87 million units, lower than the 91 million iPhone 15 units ordered in 2023.
While some suppliers ...