Today we have noticed that AAPL stock has went down by 6% in the last two weeks. Here is what analysts say:
Recent datapoints on iPhone sales continue to point to weaker-than-expected demand for the new iPhone models.
Our argument has been that the phones were too expensive to drive massive adoption, consumers are keeping their phones longer because of their high cost, the market is now only a refresh market, and the iPhone X features weren’t enough to drive non-early adopters to buy new phone
In our model, we have hardware revenues flat post iPhone X.
We don’t think fiscal 2018 will be a ‘supercycle’ year given unit growth of about 10% dependent on China.