Demand for Apple’s iPhone 12 family has started to wane, suggests a new report from AppleInsider which cites JP Morgan analyst Samik Chatterjee.
Chatterjee believes that Apple will ship 230 million iPhones this year, which is slightly lower than his previous estimate of 236 million units. Still, it would be an increase of 13 percent when compared to 2020.
The analysis is based on a downward revision of the investment bank’s electronics manufacturing service (EMS) build estimates and channel checks in China which imply that demand in the country might not be as strong as previously thought.
Overall, the iPhone 12 series appears to be doing spectacularly well. Wedbush analysts Daniel Ives and Strecker Backe think shipments could go as high as 250 million units this year. This will help the Cupertino giant beat its 2015 record of selling 231 million units.
