Apple cuts 1Q production for new iPhones by 10 pct.: Report

By TechnologyFOXBusiness

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Apple has reduced production for its three new iPhone models by about 10 percent for the January-March quarter, according to the Nikkei Asian Review.

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This comes after Apple slashed its quarterly sales forecast last week.

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China is cited as the reason for weakening iPhone sales as that country’s economy slows, which has been impacted by a trade war with the United States.

The higher price for the new iPhones has been a concern for analysts and consumers.

Apple asked its suppliers late last month to produce fewer-than-planned units of its XS, XS Max and XR models, the Nikkei reported, citing sources with knowledge of the request.

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Overall planned production volume of both old and new iPhones is likely to be cut to a range of 40 million to 43 million units for January-March, from an earlier projection of 47 million to 48 million units, according to Reuters through the Nikkei report.

Apple did not immediately respond to a Reuters request for comment.