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Apple Introduced Its New iPhones Two Months Ago. It’s Already Slashing Production Orders, Says Report

November 19, 2018

Via: Fortune

Apple’s suppliers have for days been sounding warnings about iPhone demand. Now a new report has added fuel to the fire, potentially causing fresh stock market jitters.

On Monday morning, the Wall Street Journal reported that Apple has in recent weeks “slashed” production orders for its latest iPhone models, causing havoc along its supply chain.

Citing unnamed sources, the article said Apple last month lopped a third off the 70 million units it had ordered for its new iPhone XR model between September and February — and then it reduced its orders again.

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