Analyst says his colleagues are too bullish on the Apple iPhone X

An analyst by the name of Nicolas Baratte works for Hong Kong investment bank CLSA. Baratte says that any one of his colleagues forecasting fiscal Q1 Apple iPhone X sales greater than 35 million units, is too bullish on the tenth anniversary device. Baratte's comment came after Apple reportedly cut its expectation of iPhone X sales during its fiscal second quarter to 30 million handsets from 50 million. Chinese tech stocks plunged following the release of this news.

The CLSA analyst says that anyone who wanted an iPhone X last month has already purchased one, meaning that demand has been ...