He said that he believed, in the two days prior (which would be Monday and Tuesday just gone of this week), Apple began trimming its March quarter component order forecast following what he thinks were production cuts for the December quarter made last week. He said he now expects component orders to be in the 40-43 million range versus his prior estimate of 45-46 million units. Consequently, he said that he thinks that the March quarter consensus of 53 million units in iPhone shipments could be at risk. In addition, the analyst said that there was growing optimism for the next iPhone refresh (iPhone 8 or whatever Apple will call it)cycle based on his discussions/analysis. Finally, the firm said that it was seeing mixed tailwinds in 2017.

Source: Forbes November 25, 2016 14:15 UTC