ibusinesslines.com
ibusinesslines.com October 15, 2018


Apple to make 20 percent fewer new model iPhones this year: Nikkei

09 June 2018, 12:14 | Kelvin Horton

Shares in Apple fell by as much as 2

Shares in Apple fell by as much as 2

According to the report, Apple is reducing orders from last year's 100 million units worth of parts down to 80 million, a 20 percent decrease.

The reported memo to suppliers is yet another milepost in Apple's transition from a hardware company to a more services-based business.

The company sold 217 million iPhones, including its older models, in the fiscal year ended September 30.

Apple's stock is up 12% since the beginning of the year.

Shares are up 11% this year.

Apple is reportedly releasing three new iPhones this year, including two OLED models and a cheaper LCD model.


"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.



Other News

Trending Now

Dominic Thiem ends Cecchinato fairytale to reach French Open final
I felt that I was playing a little bit under more stress than usual, and he was able to take control of the point too many times . That said, Nadal is on clay and picking against him to lose on this surface at the French Open seems like a foolish move.

'Game of Thrones' prequel series ordered at HBO!
The other four writers are Max Borenstein , Brian Helgeland , Cary Wray, and Bryan Cogman. Either way, this new show from Martin and Goldman sounds pretty tantalizing.

LeBron James should be crowned 2017-18 NBA Finals MVP
Warriors guard Stephen Curry attempts a layup with LeBron James lurking in the third quarter of Game 3 of the 2018 NBA Finals . Smith in the winding seconds of regulation - a flaw that could have costed the Warriors the game and a lead in this series.

Quebec politicians congratulate Doug Ford, Ontario's next premier
Both Ford and Legault espouse more right-leaning beliefs, though Legault has been characterized as more of a centrist politician. Ford has said he would launch an independent inquiry into the previous government's books.

Celebrity chef Anthony Bourdain found dead at age 61
He made his T.V. debut with 35 episodes of A Cook's Tour , which aired on the Food Network between 2002 and 2003. Bourdain was found in his hotel room Friday, dead in an apparent suicide by hanging, CNN reported.

Lightning On Jupiter Is Stunningly Similar To The Lightning Storms On Earth
During its first eight trips around the planet, its Microwave Radiometer Instrument detected 377 lightning blasts. With Juno in orbit around Jupiter, more information about Jovian lightning has been gathered.

Apple knew about front-screen defect in all Watch models, lawsuit alleges
Patently Apple reports that the lawsuit claims that a defect results in the screens cracking, shattering or detaching. Apple is facing a class-action lawsuit that alleges that every Apple Watch it has ever produced has a big problem.