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iPhone production slows as Apple cuts earnings forecast

Rumor has it that Apple is scaling again its manufacturing plans for its most up-to-date fleet of handsets – the iPhone XS, iPhone XS Max, and iPhone XR – by round 10%.

In keeping with a report by Nikkei, the amended plan is because of slowing demand for smartphones – particularly in China, whose weak financial system was blamed by Apple for not assembly earlier gross sales targets.

On January 2nd, Tim Cook released a letter to investors, claiming Apple had additionally seen “fewer iPhone upgrades” than initially anticipated.

As ever, Apple has jacked up iPhone costs greater than ever with the brand new fashions, at the very least partially to make sure ongoing returns in a slowing market. But when even ‘reasonably priced’ iPhone fashions just like the XR are retailing for £749 / $749 (AU$1,229), with flagship fashions pushing into four-figure sums, Apple could also be testing the dedication of its fan base a bit too exhausting.

An Apple a day

For all of the doom and gloom, Apple continues to be a trillion-dollar firm with an unbelievable maintain on right now’s shopper market. A small hunch in iPhone gross sales apart, the corporate has seen good gross sales of iPads, Apple Watch, AirPods, and Macbooks – with the range of merchandise making certain safety towards surprising dips in income.

Apple has additionally been trying to the longer term with a variety of new partnerships with TV producers introduced at this 12 months’s CES 2019 tech expo: take a look at the hyperlink just under for what this might imply for Apple.

Through Engadget

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