Analysts: Q1 production of iPhone X as expected, but Q2 numbers slashed

Another group of analysts has chimed in on the iPhone X production numbers. A note from Cowen and Company estimates that 53 million units were produced in Q1 this year, in line with the previous estimate of 52.5 million. However, the next three months will see lower quantities - Cowen reduced the estimate to 9 million iPhone X units (a month ago the prediction was for 13-16 million). Estimates by J.P. Morgan also suggest a slump in Q2. Note that the Q1 numbers differ quite a bit from JPM, which estimates 20 million iPhone X units as does KGI. The analysts predict at least three new...