Citi slashes sales outlook for iPhone XS Max by nearly half

Citi The research joined a growing list of analysts to lower first-quarter production estimates for Apple's iPhones due to declining demand for smartphones. William Yang, an analyst at Citi Research, has cut from 5 million to 45 million total iPhone shipping predictions for the quarter, Reuters reported. This is a move in the same direction as others, such as TF International Securities' influential analyst, Ming-Chi Kuo, who released a preview for the less impressive iPhone earlier this month. Yang's outlook for the 6.5-inch iPhone XS Max is particularly bleak. In a research note addressed to its customers, Yang has reduced

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