Apple share price: tech giant reported to have halved iPhoneX production target

There is no mention of the where that information is coming from, only that Apple had original meant to sell more than 40 million iPhone X devices in the first quarter.

A day later, one of Apple’s iPhone X suppliers went on record to say the order cuts aren’t “that great”.

Apple previously said it planned to release a new software update later this spring that would allow iPhone users to turn off the feature that diminished performance. Nikkei reported on Monday there were no changes to the iPhone 8 production forecast. The jubilee iPhone X was introduced on September 12 a year ago.

Although many people had hoped that Apple will release a follow up to the affordable and smaller iPhone SE, the analyst’s predictions have introduced doubts that a second generation iPhone SE will ever be released. First, whether iPhone X sales were high enough to hit the company’s predicted revenue of between $84B and $87B in the final quarter of a year ago.

Apple will still stick with a production target of 30 million units for the iPhone 8 and iPhone 8 Plus, which would suggest there’s still some appetite for the lower-priced iPhones. The sales drop is thought to be related to the phone’s high price and poor reception by consumers. Apple shipped 29 million iPhone X units in the fourth quarter of 2017, Singapore-based market research firm Canalys said, adding that this made iPhone X the world’s best-shipping smartphone model over the holiday season.

For December quarter, iPhone X was in a weaker spot and the trend is expected to countinue.

After receiving disappointing response to its flagship device, iPhone X, Apple has been forced to cut iPhone X production by half for the January-March period.

Opinions and expectations are divided, however, and other analysts tend to agree with agree that the ratio is inverse, with 2 LCD-screen models and one OLED-screen model.