Published: Tue, November 20, 2018
Hi-Tech | By Grace Becker

Apple reportedly cuts production orders for iPhone XS, XS Max and XR

Apple reportedly cuts production orders for iPhone XS, XS Max and XR

Apple has cut production orders for this year's three iPhones, the XR, XS and XS Max. Many iPhone suppliers have cut their quarterly profit estimates after a large customer, which is nearly certainly Apple, reduced its orders. The report comes after Apple suppliers across the world slashed forecast over lower than expected demand thanks to lowered demand from the Cupertino-technology giant. Like Lumentum, Apple suppliers Qorvo and Japan Display have also cut their profit estimates, due to an unnamed large customer shrinking its orders - all three saw their stock value fall as a result.

This all follows on from Apple's most recent quarterly earnings report, in which the company lowered its sales forecast for the holiday season. According to the Wall Street Journal, this is an issue with all three new iPhones, which has "created turmoil along its supply chain". Apple's iPhone XR starts at Rs 76,900 in India, the iPhone XS at Rs 99,900. Though Apple is thought to have cut iPhone XR production by 30% earlier this year, the report suggests iPhone XS and XS Max cuts are less steep.

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Apple's largest assembler of iPhones in China, thousands of workers have voluntarily left earlier than they meant to after Foxconn cut overtime hours that are typically available during peak production periods, people familiar with the matter said.

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