Tim Cook Should ask Buddy’ Trump for WeChat Restriction Relief
Perhaps, Tim Cook should use his relationship with Donald Trump to get him to stop fiddling as Ming-Chi Kuo thinks the removal of WeChat from the iPhone would case to fall 25-30%. Kuo's worst case scenario assumes a WeChat ban in all countries. A U.S.-only ban could cut 3-6% of iPhone shipments, according to Kuo's more optimistic scenario. The ban comes just when KeyBanc's internal data has July’s iPhone sales rising 53% sequentially. Analyst John Vinh notes that sell-through is down Y/Y compared to the pre-pandemic levels, but store inventories "remain at healthy levels" despite the retail store closures due to coronavirus spikes across the United States. Vinh calls the trend "a strengthening recover in iPhone sales."