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iPhone X- Analyst Claims Apple Shareholders Are Quite Confident About Flagships


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iPhone X: Analyst Claims Apple Shareholders Are Quite Confident About Flagships Sales Figures

Deutsche Bank analyst Sherri Scribner said Apple will need to ship 45 Million iPhone X units or more to surpass Wall Street expectations.

Apple has had a uphill sprint with the official release of the less-impressive iPhone 8 and iPhone 8 Plus by and large due to an overwhelmingly skyrocketing anticipation for the iPhone X, which also come up to be the most expensive Cupertino’s smartphone yet.

However, an industry analyst suggests that Apple shareholders and investors are quite optimistic in the technology company’s moneymaking consumer electronic product and claims that the Cupertino firm will have to sell a huge number of iPhone X units more to thump out Wall Street’s expectations.

Deutsche Bank Analyst Sherri Scribner Claims Apple Will Need to Sell 45 Million Units of iPhone X Or More to Surpass Wall Street Expectations.

Analyst Sherri Scribner from the Deutsche Bank claimed that based on Apple’s stock price today, shareholders are very confident concerning the technology company’s future. Scribner has added such venture capitalists are expecting Apple to mirror the 2015 sales figure. The 2015 is the year when Apple release a larger model of an iPhone with the release of the iPhone 6 and iPhone 6 Plus.

MORE: Samsung has bloodline in Apple’s iPhone X

The launch of both iPhone 6 and iPhone 6 Plus generated the company to earn revenue that was a whopping $31 billion above forecasts. The most that the company was able to amass with the launch of the iPhone 6 and its larger counterpart was a record-shattering of 231 million units.

“To beat expectations by a similar magnitude ($30B) this cycle would require that AAPL ship 45M more iPhone units in FY-18 than current expectations, or nearly 290M iPhones in total,” Deutsche Bank analyst said.

Predictions and forecasts from Wall Street believe that Apple will be able to ship around 245 million units of iPhone 8, iPhone 8 Plus and iPhone X in 2018 fiscal year, but the Scribner anticipates Apple will be able to ship a total of 290 million units of new iPhone device in order to outperform the forecasts. The analyst definitely believes that the world’s most valuable company (in terms of market capital) will not be able to achieve this milestone.

“We believe it is more likely that unit forecasts decline, similar to the iPhone 6s cycle, and Street estimates for FY-19 need to come down to reflect a more realistic down year following the iPhone 8/X cycle,” Sherri Scribner added.

Scribner is, however, cynical for the 2019 since she predicts that the sales figure will proceed to nosedive throughout the current.

Edison Tongol

Edison has been a business journalist since 2007, when he joined The Cetureon news agency. There, he covers about e-commerce, major tech companies, startups and fast-growing small-medium businesses across all industries.

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