Apple Reportedly Cutting iPhone Production by 10% for the January-March Period Due to Waning Demand

Apple Reportedly Cutting iPhone Production by 10% for the January-March Period Due to Waning Demand

5 years ago
Anonymous $L9wC17otzH

https://wccftech.com/apple-10-percent-iphone-production-cut-march-quarter/

Most smartphone vendors have seen their shipments flatten or decline this year as the market has reached its saturation point. Apparently, this can be blamed on the absence of groundbreaking technologies, causing consumers to hold on to their devices longer. Apple is also feeling the heat, and the company reduced its guidance on earnings by 7 percent last week, blaming it on the strained ties with China and the weakening Chinese economy. If reports are to go by, the Cupertino giant asked its suppliers to cut down production once again sometime last month.

There have been numerous reports claiming that Apple has cut production in the last few months, eliciting an impression that production has been slashed a dozen times since the release of the latest iPhones. However, Apple has reportedly done that only twice in two months, so the situation might not be as bad as it sounds.

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