iPhone 11 sales will disappoint despite triple rear cameras: Rosenblatt analyst

“This can also be attributed to the fact that the iPhone 11 series doesn’t seem to bring a radical redesign”

Rosenblatt Securities has released a newly updated outlook on Apple’s performance and said that the upcoming iPhone 11 sales will be disappointing and that the service revenue growth will reduce further. Despite the rumoured upgrades — which include a new triple-camera system with an additional ultra-wide angle lens, a dedicated lowlight mode, reverse wireless charging abilities, and a new chipset — the successor to the iPhone XS series might not have enough strength to drive sales growth. This can also be attributed to the fact that the iPhone 11 series doesn’t seem to bring a radical design change.

Apple iPhone XS Max - featured
Thanks to the redesigned 2018 iPad Pro and the recently launched iPad mini and iPad Air, the sales rebounded

Given how Apple reduced its earnings guidance in 2018 with the iPhone XS and iPhone XR cycle due to weak demand in China, it wouldn’t want to repeat the same feat this year as well. As for iPads, thanks to the redesigned iPad Pro 2018 and the recently launched Apple iPad mini and iPad Air, the sales rebounded. However, Rosenblatt says the iPad sales growth will also slow down in the second half of the year, presumably because there aren’t any significant rumours surrounding the Pro model refresh in 2019 yet.

Soon after the release of Rosenblatt report, Apple stock fell 1.8 percent in premarket trading and is currently around $201.00 level. The analyst predicts the Cupertino giants stock would fall to $150 in the next 6-12 months. Apple usually schedules its hardware event in September every year, so we should know more details about the new iPhones in the next few months.

Apple iPhone 11 Specifications
Hexa Core (2.65 GHz, Dual Core + 1.8 GHz, Quad core)
Apple A13 Bionic
6.1 inches (15.49 cm)
828x1792 px, 324 PPI
12 MP + 12 MP Dual Primary Cameras
Quad LED True Tone Flash
12 MP Front Camera
3110 mAh
Fast Charging
Apple iPhone 11 Price View All
Rs. 62,900.00
Go To Store
Rs. 64,900.00
Go To Store
Rs. 64,900.00
Go To Store
Apple iPhone 11 Video

Sai Krishna is a close follower of tech and everything that has the word 'smart' involved. This makes him passionate to write about everything revolving around the world of technology. He can always be seen surfing the web and while he’s not working, you can find him re-watching Seinfeld and reading comics.
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