Apple cutting iPhone production by 10% this quarter, report claims

For the instant fourth dimension inward 2 months, Apple is cutting iPhone production, according to a new report from Nikkei. Citing sources alongside noesis of the request, the outlet says Apple has asked its suppliers to arrive at 10% fewer handsets than originally planned for the January-March quarter.

The latest revision to time to come production applies to all novel iPhone models — the XS Max, XS as well as XR, sources familiar alongside the affair said. “The score of revision is dissimilar for each supplier as well as depends on the production mix they supply,” 1 of the sources said.

Another source familiar alongside the province of affairs said that nether the revised plan, overall planned production book of both one-time as well as novel iPhones volition live reduced to most xl 1000000 to 43 1000000 units for the January-March quarter from an before projection of 47 1000000 to 48 1000000 units.

If true, this would stand upwardly for a year-over-year spend upwardly inward iPhone sales of to a greater extent than than 20%—Apple sold 52.2 1000000 iPhones inward the same quarter a twelvemonth ago. It would besides add together to the growing concerns from investors, equally the companionship before this calendar month had to brand its offset lucre adjustment inward sixteen years.

Apple land saw this coming—last Nov it announced it would no longer live reporting iPhone sales numbers—but it seems they weren’t fully aware of the extent of the drop-off. We should know to a greater extent than at the destination of the month, when it divulges its vacation quarter lucre on Jan 29.

Source: Nikkei

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