What just happened? Last month saw several reports that claimed Apple was slashing production of its newest iPhones due to it overestimating their popularity. Now, an analyst says more massive cuts could arrive in the March quarter of 2019.
Rosenblatt analyst Jun Zhang wrote in an investor note that Apple could cut iPhone production by four million units during the firm’s fiscal second quarter.
While Apple’s previous reduction in production orders can be attributed to its optimism when predicting the handsets’ sales, Zhang writes that the new cuts will mostly be due to the turmoil Apple faces in China.
