KGI says ‘iPhone 7’ won’t have ‘many attractive selling points,’ predicts competitors to outperform Apple
Noted analyst Ming-Chi Kuo of KGI Securities continues to have a bearish outlook on iPhone sales through the end of 2016, telling investors on Sunday that he believes Apple will be the only top-five smartphone vendor to see shipments decline this year.
Though he didn’t get into specifics about the “iPhone 7,” Kuo said he doesn’t believe it will have “many attractive selling points.” As a result, he has a pessimistic outlook on iPhone sales, continuing to predict shipments will fall somewhere between 190 million and 205 million units.
The lone bright spot from Kuo was estimates for the iPhone SE — he has revised his projected shipments up from 12 million to 18 million units.
Still, he doesn’t think a stronger-than-expected performance for the iPhone SE will be enough to offset declines, particularly for the iPhone 6s. Apple is set to report its second-quarter earnings this Tuesday, and…
Read the entire article from AppleInsider here: KGI says ‘iPhone 7’ won’t have ‘many attractive selling points,’ predicts competitors to outperform Apple