MacRumors:

Earlier this month, Apple lowered its revenue guidance for the first quarter of the 2019 fiscal year by up to $9 billion due to fewer iPhone upgrades than it anticipated, particularly in the Greater China region.

Apple analyst Ming-Chi Kuo, however, believes the “worst” will be “soon over” in regards to the slowdown. In his latest research note with TF International Securities, obtained by MacRumors, Kuo opined that the “share prices of Apple and most iPhone suppliers are generally priced in the negative.”

Kuo has slightly cut his estimate for iPhone shipments in the first quarter of 2019 from 38–42 million units to 36–38 million units because the “demand for new models in China and emerging markets is lower than expected,” but he believes the decline will begin to ease starting in the second quarter.

Apple financial results for Q1 2019 to be announced tomorrow may get very interesting.