Analyst cuts his forecast of iPhone sales to 38.8 million for fiscal Q2

Some analysts on Wall Street have already said they expect Apple to report lower than expected iPhone sales for the company’s fiscal second quarter, which ended in March. The report is expected to be released next Tuesday, May 1st, after the market closes for the day. Today, another respected Apple analyst joined the club. Bernstein’s Toni Sacconaghi told clients that he has cut his estimate of iPhone sales for the period to 38.8 million units; he originally forecast that Apple would sell 41 million handsets. Wall Street, on average, sees Apple ringing up 43 million phones for the quarter.

During …


Apple chip supplier TSMC cuts 2018 revenue forecast citing weak high-end phone sales

Taiwan Semiconductor Manufacturing Co Ltd, most likely better known to you as TSMC, just announced a good news-bad news scenario. The company, which manufacturers chips for companies like Apple, NVIDIA and Qualcomm, reported a 2.5% increase in first quarter profit to the equivalent of $3.1 billion, which met analysts’ expectations. That happens to be the good news.

The bad news is that revenue for all of 2018 is likely to grow at the low end of the company’s previously disclosed 10% to 15% range. The reason, as explained by TSMC Co-Chief Executive C.C. Wei, is that the rebound in China’s …

Samsung Store drops prices on carrier Galaxy S9/S9+ to unlocked levels, cuts more off AT&T models

The online Samsung Store today has given U.S. consumers a reason not to buy the Samsung Galaxy S9 or Samsung Galaxy S9+ from their wireless providers. Sammy has lowered the price of carrier branded variants of its 2018 flagship phones to match the price of the U.S. unlocked versions. Since Verizon and AT&T each tacked on approximately $80 to the price of the Galaxy S9, and $90 to the price of the Galaxy S9+, this represents a small but much appreciated savings.

So the new pricing from the Samsung Store has the Galaxy S9 (U.S. carrier or U.S. unlocked) available for $719.99, and the Galaxy …

Samsung cuts the price of the Galaxy Tab S3 tablet by $100

Tablet shipments dropped 3.4% year-over-year during 2017 with Samsung ending the year as the second largest manufacturer of the device. With a market share roughly half that of Apple’s, Samsung is looking to ignite some sales by cutting the price of the Galaxy Tab S3 by $100, or 18%, to $449.99. This is a limited time offer, and by no coincidence it comes right after Apple launched its new low-priced iPad.

The Samsung Galaxy Tab S3 features a 9.7-inch Super AMOLED display carrying a resolution of 1536 x 2048. Under the hood is the Snapdragon 820 chipset, which is equipped with a quad-core …

Apple to bet back on LCD, cuts OLED orders for the iPhone Xs/Plus drastically

The Korean iPhone supplier industry is worried. About the tepid sales of the iPhone X in this and the next quarters, that is. Apple, as well as analysts following it, initially forecast overall sales of the X at a cool 100 million, and the OLED display orders to Samsung indicated it in all earnesty, too.

The high price, and people’s changing habits to keep their current phones longer, however, put a monkey wrench in those plans, and iPhone X suppliers reportedly got a 50% order cut this quarter, including Samsung, which was left with OLED display production overcapacity. This …

JP Morgan cuts estimate of Q1 Apple iPhone X production by 25%, Q2 production by 44%

Over at securities firm JP Morgan, analyst Narci Chang is taking an axe to his estimate of Apple iPhone X production for the first half of 2018. From January through March, Chang now expects Apple to produce 15 million units of the tenth-anniversary model. That is a drop of 5 million handsets (25%) from his original prediction. For the second quarter, the analyst lowered his estimate by a whopping 44%, as he now sees 10 million iPhone X units rolling off the assembly line during the three months. He originally called for 18 million phones to be produced from April through June.

Apple hinted …

Due to Apple iPhone X production cuts, Samsung faces a glut of OLED production capacity?

Because Apple announced that the average revenue per iPhone unit sold during the fiscal first quarter was higher than expected, it appeared that the iPhone X was selling better than believed. Prior to the earnings release, every other day we would get conflicting reports on how the tenth anniversary model was selling. This quarter, Apple has apparently scaled back production of its $1,000 handset, but whether the cut is as deep as feared is unknown.

A report recently published by Japan’s Nikkei says that Samsung has been hurt by Apple’s decision to cut production of the iPhone X. Samsung …

AT&T reports $20 billion tax cuts profit windfall, record low subscriber churn

The $1.5 trillion tax cuts that the government passed last month is beginning to look great for companies like AT&T or Verizon, which had a bunch of deferred taxes on their books. After Verizon announced it can now tack $17 billion in extra profit to its quarterly results, thanks to the new tax law, AT&T came out swinging, and booked $20 billion in Q4.

That’s right, the carrier will be having a windfall, but mostly on paper, as due to the capital-intensive nature of the carrier business, those taxes could have been put off indefinitely anyway. Still, the move to bring …

Apple publishes letter of apology, cuts price to replace certain iPhone batteries by 63% to $29

After Apple recently confirmed that it throttled the CPU speed of certain older iPhone models, the company today published an apology letter that it titled “A Message to Our Customers about iPhone Batteries and Performance.” In the letter, Apple acknowledges that customers might feel that Apple let them down. As a response to those who say that Apple is guilty of planned obsolescence, the company says that it would never do anything to shorten the lives of its products.

Apple is now being accused in lawsuits of purposely slowing down the performance of older iPhone handsets just when the …

The iPhone X order cuts news erase $14 billion off Apple's market cap

Yesterday’s supply chain heartbreaker of a story that Apple has cut its iPhone X orders by the whopping 40% – from 50 million to 30 million units – is making ripples with investors, it seems, as the tech giant’s stock started well in the red today. Apple saw about $14 billion of its market capitalization evaporate thanks to this rumor, so instead of running unabashedly towards the trillion dollar cap, it’s dipped well below $900 billion now.
All eyes will be on Apple’s first quarterly results after the iPhone X introduction, as the “all-screen” handset is supposed …