Apple reduces iPhone sale forecasts?

Apple iPhone

After announcing sales of over 4 million iPhones to date, Apple is facing slowing demand according to Taiwanese iPhone component suppliers. The Chinese-language Economic Daily News is reporting that Apple has lowered its sales projections from two million to as low as 1 million units for the fiscal quarter ending in March 2008. The reductions appear to be due to lower than expected iPhone sales in Europe.

Back at Macworld 2008, Apple indicated that it was selling about 20,000 iPhones every day. If so, a quick calculation shows that Apple should sell about 1.8 million iPhones in the current quarter. Apple also reported sales of 2.3 million iPhones in the past quarter during its latest quarterly earnings report earlier this week. Certainly an interesting discrepancy.

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