iPhone News Updated

Analyst forecasts cut in iPhone output

SAN FRANCISCO - FBR Capital Markets said yesterday that production of Apple Inc.’s iconic iPhone might plunge more than 40 per cent in the fourth quarter from the previous period.

“Previous checks indicated that iPhone production would fall about 10 per cent sequentially in calendar 4Q,” said FBR’s note by Craig Berger, “(but) our new checks indicate that iPhone production could fall more than 40 per cent sequentially in 4Q.”

Apple sold 6.89 million iPhones in the last quarter, outpacing BlackBerry maker Research in Motion Ltd.

[Thanks: http://www.canada.com]

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