JP Morgan: iPhone 18 Pro demand is stronger than for 17 Pro last year

JP Morgan analysts say Apple's component order cuts for the iPhone 18 Pro are a typical post-launch adjustment, not a sign of weak demand. They report stronger demand for the 18 Pro in China than for last year's 17 Pro, but forecast a 2% drop in iPhone revenue due to the missing vanilla iPhone 18. The foldable iPhone Duo is expected to sell around 8.5 million units before the end of the year.

• JP Morgan: iPhone 18 Pro demand in China is higher than for 17 Pro a year ago
• iPhone revenue forecast to fall 2% because of the missing vanilla iPhone 18
• Foldable iPhone Duo projected to sell around 8.5 million units by year-end
• Global foldable shipments expected at 20–27 million units this year