Apple cuts production orders for all three new iPhone models

Lloyd Doyle
November 21, 2018

Apple informed several suppliers that it had lowered its production plan again for iPhone XR, the Wall Street Journal said.

"Doing business with Apple is very risky as it often reverses what is has promised", added the supplier, in the same interview with the Wall Street Journal. This news piles on previous reports which had suggested the cuts applied only to the iPhone XR. Now this fate has befallen the expensive iPhone XS and iPhone XS Max. Around late October, Apple slashed its production plan by up to a third of the approximately 70 million units it had asked some suppliers to produce between September and February, people familiar with the matter said. And Foxconn, a fourth major Apple supplier, reportedly cut overtime hours.

Citing multiple sources, the publication says that Apple has cut orders for "all three of the iPhone models that it unveiled in September"-meaning the iPhone XS, iPhone XS Max, and the iPhone XR". Apple said it preferred to focus on its transition to a services company, with regular recurring revenue.

The Dow Jones Industrial Average shed more than 400 points on Monday (Nov 19), as a slump in Apple shares battered the tech sector, with conflicting signals over the state of play between the United States and China on their trade dispute kept investors on edge.

USA vice president Mike Pence said in a blunt speech on Saturday that United States will not back down from its trade dispute with China unless Beijing bows to U.S. demands, dampening Friday's trade optimism that was fuelled by President Donald Trump's comments.

Other reports by Iphone Fresh

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