Rosenblatt’s Jun Zhang is forecasting year-over-year production growth in the second half of 2018.
From a note to clients that landed in my inbox Wednesday:
There has been some recent noise surrounding Apple cutting iPhone production. We believe these statements to be inaccurate and, instead, forecast year-over-year production growth in the second half of the year…
Based on our research, we are forecasting iPhone production of Apple of between 100-110 million new units and we forecast shipment of 85 million new iPhones in 2H18. The difference in timing of the initial production of the LCD iPhone between various OEMs may be one reason why there is some confusion about the iPhone production quantities.
Maintains Buy rating and $180 price target.
My take: Zhang is generally pretty dependable on Apple’s Asian supply chain.