Brean Capital LLC’s Shenlun Wang and Ananda Baruah are Analysts which have made predictions about the inventories of iPhone which is said to bottom out in the quarters of June and September. Apple is also working towards the reduction of the excess supplies. It is said that the availability of the iPhone 7 would be available in the first quarter of December.

They also went on say that they could see a growth Straight into five straight quarters where the per share target price is said to be around $125, Until that happens, Wang and Baruah have cut their estimates for iPhones for the 2016 quarters of June and September down to overall units of 40 million. It is said that the numbers that have been given out is said to be even lower than the expectations of Wall Street which is said to be an estimate of around 42 million units for the frame of 3 months.

The estimates that Bren has made in regards to Apple’s entry for the calendar of 2016 in regards to the iPhone inventory is anywhere between 17‐18 million units in the channel. It is believed that the company has plans in reducing the units to 10 million at a time for the launch of the iPhone which is said to be expected in September.

The estimates of the firm have a projection that in the March Quarter, the inventory has been reduced by Apple with the overall unit counts of half a million. For the June quarter, a $2 billion reduction has been guided by Apple itself. As per what Wang and Baruah, they equate the channel reduction of the iPhone unit to 3 million. Brean also believes that the sales of the iPhone is said to be in such a position where by the end of 2016, there is a chance of them growing again.