In his report last week, analyst Ming-Chi Kuo admitted that pre-order demand for the iPhone XR was weaker than the interest seen in September for the iPhone XS and XS Max. But according to Rosenblatt Securities' Jun Zhang these “weak pre-orders” actually translated into sales of 9 million units over the course of the iPhone XR’s first weekend.
This number may seem impressive to many but Zhang was expecting Apple to sell 10 million units instead. Because of this, he has decided to reduce his production estimates for the quarter from 90 million to 88 million. Moreover, he now expects ...
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