Despite recent 'weaker demand,' the iPhone 12 lineup is still strongJP Morgan has decreased their expectations around iPhone shipments in 2021.
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JP Morgan analyst Samik Chatterjee has decreased iPhone shipment expectations for 2021.
Despite this, the analyst expects the iPhone 12 lineup to increase volume 13% compared to last year.
Despite "weaker demand" for the iPhone 12 lineup this quarter, Apple's latest iPhone lineup continues to outpace previous years due to excitement around the adoption of 5G technology.
In an investor note seen by AppleInsider, JP Morgan analyst Samik Chatterjee has decreased his 2021 iPhone shipment expectations from 236 million units to 230 million units. Rather than interpreting the decrease as a hit against Apple, Chatterjee notes that 230 million units equate to a 13% overall increase in shipments for Apple when compared to 2020.
The analyst still expects that the company will discontinue production of the iPhone 12 mini as the device has experienced lackluster sales.
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Despite recent 'weaker demand,' the iPhone 12 lineup is still strong
