Apple lowers Q2 iPhone shipment projection?

Apple has lowered its projected second quarter shipments of the iPhone from two million units to around 1-1.2 million units, according to a new report. Citing sources at Apple’s handset component suppliers in Taiwan, China’s Economic Daily News reports that sales of the iPhone in Europe have been lower than expected, leading Apple to reduce its shipping estimates for its fiscal second quarter. Reporting its first quarter financial results earlier this week, Apple revealed that it sold 2.315 million iPhones in the quarter; it gave no specific unit guidance on expected second quarter iPhone sales or shipments, except to state that it remains “very confident” in its ability to hit its goal of 10 million units sold by the end of 2008.

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