Apple's iPhone 5
(Credit: CNET)
The iPhone may be in store for a tough quarter, according to one analyst.
Apple will give up some of its smartphone market share this quarter, "raising concern about the on-going dominance of the iPhone," Citi analyst Glen Yeung said in an investors note out today. He cited strong demand for Samsung devices as the reason.
Recent reports say that Apple slashed iPhone 5 component orders for the current quarter, triggering concerns that demand for the flagship phone has diminished. Several analysts believe such concerns are overblown, instead attributing the cuts to improved manufacturing yields for the latest iPhone.
But Yeung thinks the cuts may be due to rougher competition.
"Our checks mid-December revealed initial signs of order cuts from Apple, now evident across a larger array of suppliers," the analyst said. "We acknowledge the true nature of these cuts is as yet inconclusive, but we suspect they reflect growing demand fo... [Read more]
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