Apple Cuts Down 6s & 6s Plus Production

According to a report from Nikkei, Apple will be cutting production of the iPhone 6s and iPhone 6s Plus by 30% in Q1 of 2016.

The Tame Apple Press insists that production will be scaled back to let dealers go through their current stock and then it will be business as usual.

‘The Street was bracing for a cut but the magnitude here is a bit more worrisome’.

Among LCD panel makers, Japan Display fell 4.7 percent, while LG Display fell 3.4 percent.

Nikkei’s report is the latest in a series of gloomy projections that predicted a drop in iPhone sales in the coming months.

A Chinese government document also showed a provincial capital had offered Foxconn, also known as Hon Hai Precision Industries, $12m in subsidies to offset layoffs, the journal reported. There are also speculations that the company will offer a version of the larger screened iPhone 7 Plus with a very big 256 GB internal storage option. Shares in the company dropped around 2.5 percent after the reports of the phone slashing surfaced.

Wall Street has additionally checked its perspective on the highflying stock in recent months.

“I don’t see any competitive issues as Apple is gaining or maintaining market share and the macro-economic conditions haven’t significantly changed, either”, Moorhead told us.

It added the iPhone production level is expected to get back to normal levels in the April to June quarter, citing foreign suppliers.

Since early December, about one-third of analysts tracked by Thomson Reuters have trimmed their estimates for Apple.

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Normally, Apple is expected, for financial 2016, to grow sales by a far cry from the 28% sales growth it achieved, under 4%.

According to MyDrivers, the iPhone 7 Plus – which will be the larger phablet variant of the iPhone 7 – will have a 256GB inbuilt memory variant, a first for Apple.