I just to present the other side of the story.
For me there is not much room for speculation here.
"At least four
Apple suppliers have cut their revenue forecasts this week, fueling speculation that Apple is scaling back manufacturing of the iPhone."
Fair enough.
But none of those suppliers have directly named Apple as the reason for their lower revenue forecasts. Of course, you could say that would anger Apple, and you'd have a fair point there as well.
Here's the thing. We've seen this all before, year after year. Supply chain rumor drive the stock price down. Then, after AAPL is beaten up enough, the analysts all change their tune and the stories change. When Apple releases numbers, it's obvious that the rumors were false and the stock recovers (and sometimes drives to new heights).
Tim Cook has been on the record as saying supply chain rumors are bunk and little to nothing can be gleaned on the results of a few suppliers. The chain is complicated and vast. There could be hundreds of reasons why these 4 (and maybe others) suppliers are reporting lower revenues. Sure some of them could support a bear case, but past history shows that is rarely the case.
I just saw a headline (didn't have a chance to read the story yet), that indicates that sales of Xr are strong in China. If true, this would contradict what the analysts are saying.
Right now, the sentiment is negative on Apple. I think it's more negative than it has been in the past. I think that Apple's decision to not report unit sales has given the analysts/pundits more leash to pummel the stock. Just my opinion, I have no inside knowledge.
Anyway, good luck in your trades. I'll probably be rooting against you, though. You understand.