Apple Will Produce 5th Fewer iPhones This Year


The California-based company is asking its suppliers to cut production of 8 components for 3 new iPhone models by about 20% compared to last year\’s iPhone X and iPhone products. The report also warns of the potential risks that consumers\’ passion for the new version of the iconic smartphone could cool after years of dizzying growth, which could see the value of many of apple and its major suppliers plummet in global stock markets.
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” This news must be seen in the context that Apple was probably too optimistic about the prospect of a new phone last year, a model in the first half of this year “In part, this decision is related to the fact that Apple representatives are now looking at the problem more realistically.”Apple has not yet responded to a request for comment on the situation. The consolidated fiscal year ended 30. In the 9th month, it sold a total of 2 billion iPhones, including 1,700 older models, but it has produced a large number of phones of previous versions. Some analysts have already said they expect Apple to sell fewer phones this year than last year, as global demand for phones falls and competitors hack its sales. The company sold 2 million iPhones in the past 1 million quarters, a slight change from the 2,950 a year earlier.
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The company\’s shares fell 2%, while shares of its suppliers AMS and Dialog Semi fell 6% and 4.1%, respectively. Dialog Semi shares fell 17 percent last Friday, and Apple announced that it would cut orders for power management chips by about 30 percent this year. US supplier shares fell in the range of 1-4% advanced micro devices, Micron technology, Intel, Broadcom and Qualcomm. Many analysts said the high price of the iPhone X, which is priced atト1,000, will also affect demand for the company\’s flagship product.