Sci-tech

Apple cancels iPhone Xr production boost

Apple cancels iPhone Xr production boost

So Apple is canceling plans to boost production over the holidays.

"We caution investors not to lose sight of the massive metamorphosis on the horizon at Apple being led by the services business", Ives wrote in a research report published Monday.

Although Apple never said as much when it launched the Apple iPhone XR in September, its fairly obvious the device is meant to be more a direct competitor with the Android market. All told, Nikkei's source claims that overall iPhone XR production may be anywhere from 20% to 25% lower than initial estimates.

Pegatron apparently faces a similar situation, suspending plans to ramp up production of the iPhone XR and simply awaiting further instructions from Apple at this time.

As for Wistron, Apple has asked the smaller iPhone assembler to stand by for rush orders, but supply chain sources claim the company will in fact receive none for the XR this holiday season.

Donald Trump warns of 'fragile' Republican victories in final midterm sprint
The GOP went on to gain control of the Senate and increase its majority in the House of Representatives in those elections. Democrats have a lengthy list of their own priorities they would like to vote on such as lowering prescription drug costs.

Tied to this is the unexpected news that demand of the previous-generation iPhone 8, which Apple still sells, has jumped. The math makes sense, as they are up to 20% cheaper than the iPhone XR's starting price of $749.

Apple said it would stop providing unit sales for iPhones, iPads, and Macs in fiscal 2019. Apple has ordered around 5 million more units of iPhone 8 and iPhone 8 Plus from suppliers, raising the total order to 25 million units this quarter, said the Nikkei report.

Last Friday, Apple shares had fallen sharply, dragging the United States tech major's market value below $1 trillion after the company forecast softer-than-expected sales for the holiday quarter and fueled nerves over iPhone sales by saying it would no longer release the figures. The company forecasted fiscal-first-quarter sales of $89 billion to $93 billion versus the average analyst projection of $93.02 billion.

A bunch of Apple's other Taiwanese suppliers fell sharply, including camera lens-maker Largan Precision Co Ltd, which was down more than 7 per cent, and Flexium Interconnect Inc, which fell 6 per cent.