"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.
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.
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.