Apple shares have been sliding since Credit Suisse last week warned of weaker-than-expected iPhone 6s demand. Credit Suisse lowered its earnings estimates for calendar year 2016 by 6 percent, based on Apple cutting component orders by as much as 10 percent due to the weak demand, according to a report by analyst Kulbinder Garcha.
Credit Suisse lowered its calendar year estimates to 222 million units from 242 million units, revising its overall build expectations for the iPhone 6s downward.
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