iPhone 5S fingerprint scanner causes production issues, ‘terrible yields’ – analyst

Credit: Apple

On Friday New York firm Jefferies & Co lowered its rating on Apple shares, with the company’s stock price falling from $ 450 to $ 425.

Jeffries analyst Peter Misek foresees a production between 5 and 10 million units of iPhone 5S until the end of the third quarter of this year, and his 20 to 25 million estimate for the last quarter is exposed down to 15 million.

As for the iPhone 5C, he estimates that 20 million smartphones will be manufactured in the September quarter, pumping up to 30 million in the December quarter.

According to Misek, production of iPhone 5S is lower due to the new fingerprint reader integrated in the device.

The analyst points to the iPhone 5S as the main cause for most of the downside as his checks indicate that the fingerprint scanner yields ‘have been terrible’.

Source: Forbes