1. Citi lowers iPhone sales growth forecast due to Siri update delay. 2. 2025 iPhone sales now projected at 232 million, a decrease in growth rate. 3. Apple's delayed Siri updates hinder refreshment cycle potential this year. 4. iPhone unit sales fell 4.4% in fiscal year 2024, impacting revenue. 5. Citi maintains a Buy rating on AAPL with a price target of $275.
Delay in Siri updates reduces iPhone sales growth outlook, affecting revenue potential. Historical trends show new product releases usually drive significant sales spikes; setbacks dampen investor sentiment.
The article discusses critical changes in sales forecasts that can affect AAPL's market performance directly. Adjustments in anticipated sales reflect investor sentiment and potential revenue shifts.
The effects of iPhone sales estimates may show results in upcoming quarters; next earnings report will reflect these changes. Immediate results likely due to market reaction to delayed updates.