Apple Inc. (AAPL) iPhone 5C Estimates Slashed By KGI’s Ming-Chi Kuo

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When it comes to estimates, not many come close, but KGI’s Ming-Chi Kuo is a respectable analyst, and in fact, he has got a solid track record. According to him, Apple Inc. (NASDAQ:AAPL) shipped only 11.4 million iPhone 5C units in September, compared to the 17 million he had predicted earlier, reports Business Insider. This is 33% drop from his original estimate.

Apple iPhone 5c

Kuo’s Apple iPhone 5C estimates

Kuo is now estimating Apple shipped 11.4 million 5Cs in the September quarter, a 33% drop from his original estimate. He also says he expects 5C sales to be just 10.4 million units for the December quarter, a 10% sequential drop.

iPhone 5C sales for the December quarter are projected at 10.4 million, which is again a 10% sequential drop from last quarter’s figure.

Kuo is an expert for Apple products

Kuo is one of the most accurate analysts for Apple products, especially when it comes to iPhones. It seems that Kuo has a very reliable source in supply chain.

The iPhone 5C is available in many stores such as Walmart and Target at a discounted price, and now we know why. The phone is also shipping quickly to customers from Apple’s website. Apple took a bold decision when the company priced their low-cost version of iPhone only $100 less than the iPhone 5S. Many customers won’t be wrong if they think to purchase a flagship instead, which looks sturdy and comes with better specs, all this by paying $100 more. We wonder what was Apple thinking when pricing the iPhone 5C? Thoughts?

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