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Title: Wedbush cuts iPhone revenue estimate by 14% for 2020 due to coronavirus Post by: HCK on March 18, 2020, 04:05:23 pm Wedbush cuts iPhone revenue estimate by 14% for 2020 due to coronavirus
Dan Ives also predicts that revenue will be down 10% in 2021. What you need to know Wedbush has cut its predictions for iPhone revenue this year and next. Dan Ives has lowered revenue estimates by 14% for 2020. He believes that the COVID-19 pandemic will stop "switchers" and "new-buyers" from moving to iPhone. Analyst firm Wedbush Securities has cut its revenue estimates for iPhone in 2020 and 2021 due to the COVID-19 pandemic. As reported by AppleInsider: In a research note to investors seen by AppleInsider, Daniel Ives from Wedbush Securities is lowering iPhone revenue estimates by 14% in fiscal year 2020 and by 10% in fiscal year 2021 to reflect the change in near-term consumer demand, lockdown conditions globally, and a "negative economic backdrop." Practically, Ives believes that during the coronavirus pandemic, people looking to upgrade an iPhone still will do so, but "switchers" and new-buyers will wait, or not get an iPhone at all. Ives reportedly believes that on... Source: Wedbush cuts iPhone revenue estimate by 14% for 2020 due to coronavirus (http://feedproxy.google.com/~r/TheIphoneBlog/~3/r6A-fNXd68s/wedbush-cuts-iphone-revenue-estimate-14-2020-due-coronavirus) |