This comes after Apple slashed its quarterly sales forecast last week.More news: Manny Pacquiao and Floyd Mayweather meet again at Clippers game
A week after the shock created by the announcement of a downward adjustment of its revenue forecast for the last quarter of 2018, we learn that Apple has chose to reduce by 10% the production of the new iPhones. The surprise warning triggered a broad sell-off in global stock markets. This figure is derived from sources apparently familiar with this request, and applies to the first 3 months of 2019.
The original plan for 48 million sold units between January and March, later reduced to 43 million, is now taking another hit and is cut with an additional 10% to 40 million.
Apple did not immediately respond to a Reuters request for comment.More news: Australia to play 2 T20Is, 5 ODIs in India
Apple's iPhone suppliers include Taiwanese assemblers Foxconn and Pegatron who are not moving to confirm the reports. As the Nikkei Asian Review reports, this "is the second time in two months that the United States company has trimmed its planned production for the flagship device".
Chief Executive Tim Cook reiterated in an interview with CNBC on Tuesday that India was a major focus for Apple.
Apple has reportedly cut production plans for its 2018 iPhones again.More news: Flu season surging and likely not at peak in Canada, doctors say
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