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SAN FRANCISCO, Nov 13: Estimates of Apple's "most affordable" 2018 model, the iPhone XR, has been cut by nearly 30 million shipments, a famed Apple analyst has written in his research note.
According to Ming Chi-Kuo, an Apple analyst working with TF International Securities, shipment forecast for the iPhone XR has been cut from 100 million units to 70 million units during the product lifecycle.
It's a reversal from a similar report issued in October in which Kuo said he expected the iPhone XR to be a big seller for Apple, CNBC reported on Monday.
Chinese technology gaint Huawei's latest Mate 20 series is hurting Apple's sales even as it is not a big player in the US, Kuo added in the note. - IANS
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