Apple analyst Kuo raises shipment estimates for iPhone XR, which hits shelves this month [CNBC]
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Source: CNBC
Justin Sullivan | Getty Images The new Apple iPhone XR is displayed during an Apple special event at the Steve Jobs Theatre on September 12, 2018 in Cupertino, California. Consumers will be flocking to Apple's new iPhone XR at an unexpectedly fast rate, according to a report from Ming-Chi Kuo, an analyst at TF International Securities. Kuo, whose known for accurate predictions that result from having close ties to manufacturers in Apple's supply chain, increased his iPhone XR shipment estimate for the calendar fourth quarter by 10 percent on Sunday. He now expects that the company will ship between 36 million and 38 million units in the period, up from a previous prediction of 33 to 35 million. He revised his estimate for total iPhone shipments to 78 million to 83 million units from 75 to 80 million. Apple sold 77.3 million iPhones in the comparable period a year earlier , so Kuo is expecting a slight increase. We believe that replaceme
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