IPhone shipments may be less than 190 million units in 2019

 According to foreign media reports, Tianfeng Securities analyst Ming-Chi Kuo (Ming-Chi Kuo) is the most followed Apple analyst on Wall Street, and his research reports usually affect Apple's stock price trend. In a research note released on Friday, Ming-Chi Kuo said demand for the iPhone is dwindling.

The following are the main contents of Guo Mingchi's forecast in Friday's research report:

-- iPhone shipments in the first quarter of 2019 are estimated to be reduced by 20% to 38 million to 42 million units (the previous forecast was 47 million to 52 million units) .

-- iPhone shipments are expected to be 205 million to 210 million units in 2018.

--In 2019, iPhone shipments will drop by 5% to 10% from 2018 to 188 million to 194 million units. Ming-Chi Kuo's

research report is titled "iPhone shipments in 2019 may be less than 190 million units." That's far below the FactSet analyst consensus estimate of 212 million iPhone shipments in 2019.

Apple shares fell 3.2% on Friday and are down more than 26% in the fourth quarter. Ming-Chi Kuo, who has close ties to Apple suppliers, pointed to lower demand for the new, cheaper iPhone XR. "The increase in orders for older iPhone models could not offset the decline in shipments of the XR and XS series because of the smaller seasonal impact," he said.

Apple's iPhone shipments missed Wall Street's expectations last quarter. The company also said in November that it would stop publishing iPhone sales figures. Kuo said in the research note that due to the decline in iPhone shipments, suppliers may "face growth challenges."

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