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How can I say Apple is in trouble when it’s selling 10 iPhones per second? This is a company that just recorded quarterly revenue of $88.3 billion, an increase of 13% from a year earlier and an all-time record. That led to a whopping quarterly profit of $20.1 billion. So how can I diss success like that? Easily. Apple has fundamental problems that could stop those billions from rolling in.
For starters, sales of Apple’s top-of-the-line smartphone, the iPhone X, have been lagging. KGI Securities‘ Apple analyst Ming-Chi Kuo, a.k.a. “The Most Accurate Apple Analyst in the World,” believes Apple will kill off its $1,000 phone because of weaker-than-expected sales.