https://www.cnet.com/news/apple-reportedly-cuts-production-orders-for-iphone-xs-xs-max-and-xr-suppliers/

Production requirements got thrown off by low demand among consumers and by Apple's decision to offer three three new models (it released two each year until 2017), the report said.

Major iPhone suppliers Qorvo, Lumentum Holdings and Japan Display last week cut their quarterly profit estimates, citing an order reduction from a large customer, and as it turns out, Apple accounts for one-third to one-half of the revenue for those companies, the Journal notes.