Like dominoes, a sixth analyst since Monday pared his 2016 Apple (AAPL) iPhone estimates Thursday, while also cutting forecasts for Apple chip suppliers Skyworks Solutions and Qorvo. Needham analyst N. Quinn Bolton models a 5% year-over-year decline to 220 million iPhones shipped in Apple’s fiscal 2016, ending in late September, vs. prior estimates for a 6% jump to 245 million units. Bolton also remodeled his forecast for Skyworks (SWKS) and
Three more Wall Street analysts lowered their iPhone production estimates on Wednesday after reading the tea leaves in the Asian supply chain. Mizuho Securities analyst Abhey Lamba said his firm’s checks of Apple’s (AAPL) iPhone supply chain continue to indicate weakness. “It seems like March quarter procurement could end up in the low 40 millions, which would be meaningfully below current consensus sell-in number of 60 million phones,” Lamba said
A survey of consumers planning to buy streaming video players finds no clear leader among Alphabet (GOOGL) -owned Google, Amazon.com (AMZN), Apple (AAPL) and Roku. Management consulting firm CG42 surveyed more than 21,000 U.S. consumers and found that 18% might purchase a streaming device this holiday season. And almost half of those (47%) plan to use it as a replacement for their pay-TV subscription. The online survey revealed that 5% of