Flat iPhone Outlook May Be Pessimistic As China Phone Exports Surge — Panjiva
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Flat iPhone Outlook May Be Pessimistic As China Phone Exports Surge

China 3048 Earnings 759 Info Tech - Comms Equip 262 Info Tech - Tech Hardware 862 U.S. 5399

Apple Inc. is scheduled to report fiscal third quarter results on August 1, and analysts expect sales of the iPhone to have increased by 2% on a year earlier. While the weakest quarter seasonally that expectation comes against the backdrop of an industry that is expanding. U.S. imports climbed 8% in the quarter to May 31 – covering imports for sale in the June 30 quarter – while Chinese exports globally climbed 15%. Exports from China by Foxconn and Pegatron, which both supply Apple – climbed 11%. That lagged Samsung Electronics’ 30% jump in exports.

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