Should Apple’s results worry the air freight market?

© Shuo Wang

This week Apple slashed its sales forecast in anticipation of a slowdown in iPhone sales. Ti has examined what effect this might have on the air freight market. While hi-tech has been a heavy user of air, other commodities such as pharma have taken the focus more recently as the smartphone market matures. But technology is still an important part of air freight demand. Typically, semiconductor sales have been a useful measure. Last year, sales shot up, in double digit growth, but with lower growth predicted this year. Semiconductors are also facing tariffs, although numerous new manufacturing sites have opened in South-east Asia. Ti concludes that it’s something of a mixed bag for air cargo, with demand shifting from smartphones to new technologies.