Apple has reportedly reduced new iPhone production - again
Apple has reportedly reduced new iPhone production - again
After a disastrous quarter, Apple is cutting iPhone production
10 January, 2019, 09:10
The higher price for the new iPhones has been a concern for analysts and consumers.
Sources say that Apple contacted suppliers last month, telling them to produce fewer iPhones for the current quarter.
Another source added that Apple has revised its planned production of 43 million units, and is now targeting 40 million units for the January to Mark quarter, from an earlier projection of 47 million to 48 million units. The surprise warning triggered a broad sell-off in global stock markets.
Apple did not respond to a Reuters request for comment.
Apple's iPhone suppliers include Taiwanese assemblers Foxconn and Pegatron who are not moving to confirm the reports.
Apple has yet again reportedly slashed its iPhone production plans, this time for the first quarter of the year.
Shares of Foxconn, the world's biggest electronics contract manufacturer, were up 1.6 percent while Pegatron was up 1.3 percent.
Among iPhone component suppliers in Asia, South Korea's LG Display Co Ltd 034220.KS closed up 0.5 percent, while Japan Display Inc 6740.T was flat. It is going to be hard to track the precise numbers as Apple announced late past year that it would no longer be sharing details of iPhone shipment figures.
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