"Apple is quite conservative in terms of placing new orders for upcoming iPhones this year".
The Cupertino, California, company told parts suppliers to produce 20% fewer components for versions of its iPhone X and iPhone 8, Japanese financial outlet Nikkei reported, citing sources familiar with the matter.
It is thought that the high price of the iPhone X is responsible for a drop in demand for Apple's flagship handset - something that has disappointed investors.
"I am not overly concerned ... about the lower supply speculations", he said. US -based suppliers Advanced Micro Devices, Micron Technology Intel, Broadcom Inc and Qualcomm Inc were all down between 1 percent and 3 percent. "Apple is doing enough, in general, to keep the ball moving forward".
A supply chain source told the Asian news agency that Apple requested Foxconn and Pegatron to begin assembly in July for the OLED devices. Dialog Semi is down 42 per cent in 2018 after Apple, its biggest customer, chose to scale back orders.
The unit, which includes Apple Music, the App Store and iCloud, posted $9.1 billion in revenue in the second quarter.
BMW X5 first look: going boldly down the same road
The X5 was BMW's first SUV in a range that now covers six different models, with a seventh (the X7) due in a few months time. Both engines are hooked up to an eight-speed automatic transmission and BMW's intelligent xDrive all-wheel-drive system.
'We begin our fight now': Harvey Weinstein pleads not guilty
London's Metropolitan Police and Los Angeles prosecutors have said they are reviewing accusations of sexual assault against him. Weinstein was flanked by cameras as he entered a lower Manhattan courthouse Tuesday morning alongside attorney Benjamin Brafman.
Trump says he's considering pardon for Muhammad Ali
Trump said he was considering a number of other pardons too and said that the pardoning power was "a lovely thing" for presidents. Ali's legal fight ended in 1971, when the Supreme Court ruled in his favour, reversing his conviction on a technicality.