If You Weren't Worried About iPhone Sales Before, You Will Be After Reading This Report

If You Weren't Worried   About iPhone Sales  Before,   You Will Be After Reading This Report

Apple's stock is down today, and the reason seems to be another brutal report about the state of iPhone demand.

This time it's from Susquehanna analyst Chris Caso. He basically hits the same notes all the other analysts have hit in the last week — iPhone suppliers had their orders significantly cut suggesting demand for the iPhone is much worse than expected.But there's something about Caso's report that's stronger than the other reports we've read. Maybe it's that he's more through and convincing. 

Whatever the case may be, it sounds really bad for Apple. Eric Savitz at Forbes has the note, and we'll break out some of the most relevant bits here.Caso writes that "something has indeed changed" for Apple, and "iPhone shipments are likely to miss consensus expectations" for the December or March quarters, or both.

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