0400 GMT - Citi lowers earnings forecasts for Apple's Chinese suppliers on expectations for lower iPhone shipments. Citi expects global iPhone shipments to decline 1% in 2025 to 226 million due to the anticipated slowdown in the world economy, before recovering slightly to 232 million in 2026. It has yet to factor in the possibility that Apple might raise iPhone retail prices to pass tariff costs on to consumers. Although suppliers would not pay tariffs themselves or accept price cuts to share the tariff cost burden, the analysts still think their profitability will be hit. Lower Apple product shipments will weigh on utilization rates, and tariff shifts could cause production disruption, they say. Citi lowers 2025 net profit estimates for AAC Technologies, BYD Electronic and Cowell e Holdings by 14%, 14% and 10%, respectively. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 00:01 ET (04:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。