https://finance.yahoo.com/news/heres-look-apples-q1-2018-earnings-call-212422463.html > According to The Wall Street Journal, Bernstein analyst Toni Sacconaghi believes Apple will report total iPhone sales of 51 million to  57 million units in the second quarter. The street estimate currently calls for 61 million units, according to The Journal. A separate article by The Journal indicates that Apple is cutting iPhone X production to 20 million from 40 million units." data-reactid="25">According to The Wall Street Journal, Bernstein analyst Toni Sacconaghi believes Apple will report total iPhone sales of 51 million to  57 million units in the second quarter. The street estimate currently calls for 61 million units, according to The Journal. A separate article by The Journal indicates that Apple is cutting iPhone X production to 20 million from 40 million units. > That’s a massive reduction and if it turns out to be true, would prove to be a serious issue for the tech giant, especially when you consider the fact that Apple’s revenue is still based heavily on iPhone sales. More than 50% of the company’s revenue came from the handset in Q4 2017." data-reactid="26">That’s a massive reduction and if it turns out to be true, would prove to be a serious issue for the tech giant, especially when you consider the fact that Apple’s revenue is still based heavily on iPhone sales. More than 50% of the company’s revenue came from the handset in Q4 2017.