How Apple's iPhone Shipments This Year Could Surprise Analysts [TheStreet.com]
Apple Inc. (AAPL)
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Source: TheStreet.com
Despite Apple(AAPLGet Reportrefresh of the budget iPhone SESome negative headlines haven’t helped, such as theFinancial Times'has stopped hiring at its plants in ChinaApple seems confident:it has told suppliersAnd there could in fact be room for upside. Even in a lockdown situation, people still need to upgrade the device that has largely become many people’s only computer, the mobile phone.But the bar is set low for Apple. iPhone sales dropped 14%, year over year, to $142.4 billion in the September-ending fiscal 2019. Analysts estimate that iPhone unit sales dropped by the same percentage, to 188 million units. (Apple at the end of 2018 stopped disclosing unit shipments of iPhone on a quarterly basis, but Wall Street still makes forecasts.)For fiscal 2020, analysts project an increase of 3.3% in units shipped, to 194 million, with a fairly wide range, from 175 million to 212 million, according to FactSet.iPhone dollar sales may be roughly flat with last year, $142.09 billion, given t
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