Apple shares are sliding on Monday after a series of bad data points for iPhone demand.
JP Morgan analysts said that iPhone unit sales could decline on an annual basis in both 2018 and 2019.
TF International Securities analyst Ming-Chi Kuo cut his forecast for iPhone XR shipments from 100 million to 70 million.
Apple said earlier this month that it will no longer provide iPhone sales figures to investors.
Apple is down more than 4% on Monday after a slew of analyst reports suggested that...