Apple’s new iPhone 6s and 6s Plus are off to a good start. The new phones sold 13 million units over its opening weekend and based on this momentum, we suppose many would assume that Apple’s sales figures this year would be even higher than before. Unfortunately a report from KGI Securities analyst Ming-Chi Kuo paints a slightly different picture.
According to Kuo, he has estimated that Apple will sell 70-75 million iPhones during Q1 2016 of the fiscal year, which basically covers the holiday shopping season for a lot of markets including the US, Australia, Canada, Europe, and more. That sounds like a big number, right? However if you recall, it actually isn’t that much higher than last year.
In December 2014, Apple had sold 74.5 million units, meaning that Kuo expects that Apple could potentially sell less iPhones this year than last. Even if it were to hit the 75 million mark, it would pretty much be a marginal growth, thus making its year-on-year growth pretty minimal at that. Of course those are still very impressive figures but if you were an investor hoping to see the company’s iPhone shipments grow, you might be disappointed.
Kuo also goes on to predict that iPads and Mac sales are expected to see a year-on-year decline of 9.5% and 1.5% respectively. He also revised his initial estimates of 5 million units of the new iPad Pro sold to about 2 million units during the Christmas quarter.