Jefferies has cut its 2025-2027 smartphone volume estimates by 2%-4%, the third cut since 3Q24, due to tariff-driven pull-in demand making the second half of 2025 more challenging amid weak innovation, economic uncertainty, high Android inventories, and fading China subsidies. However, the firm raised the 2025 iPhone forecast by 4% thanks to pull-in demand and 618 discounts, and introduced a 2028 estimate of 1.317M units, implying 4% year over year growth. Jefferies believes the strong iPhone growth has likely been driven by pull-in demand in the U.S. and elsewhere due to tariff concerns.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple Stock Climbs Amid Talks with Anthropic, OpenAI to Revamp Siri
- Nvidia Stock (NVDA) Nears $4 Trillion Market Cap as AI Trade Accelerates
- Video: Tesla, Sweetgreen slipping in early trading
- Notable open interest changes for July 1st
- Apple (AAPL) Could be ‘Convicted’in Brazil Over Competition Charges