Tech

Apple’s Asia suppliers fall on report iPhone XR production boost cancelled

Apple’s Asia suppliers fall on report iPhone XR production boost cancelled

And are you surprised by the low demand for the iPhone XR?

Apple has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to its new iPhone XR, the Nikkei financial daily reported on Monday.

Furthermore, the report states that the company had asked Wistron to stay on a standby position during the sale season.

Apple itself doesn't publish precise sales figures for the various models, but the message from suppliers is clear: the iPhone XR isn't selling as well as expected.

The report goes on to cite that Pegatron - Apple's second-largest iPhone assembly partner, also headquartered in Taiwan - faces a similar situation, where it's been instructed to suspend plans for ramping-up iPhone XR production pending further instructions from Apple, the same supply-chain source noted.

The analyst predicts the company's Services business, which includes its App Store, Apple Music, and Apple Pay offerings, will grow 20% annually and rise more than $50 billion in sales by fiscal 2020.

More news: Google Workers Set to Launch Worldwide Protests

At the lowest level of the day, Apple shares have registered a loss of 10.8 per cent in two days.

Apple gathered all the negative attention previous year when it was found to throttle older iPhones without notifying the users anywhere.

Apple shares fell almost 4 per cent after the report, which fueled concerns that the iPhone XR, the cheapest of three iPhones Apple unveiled in September, was facing weak demand just days after it hit shelves. While the iPhone XS and iPhone XS Max are undoubtedly powerful and, with their OLED screens and dual cameras, capable, they're also expensive.

Apple reportedly told three different suppliers to reduce or completely eliminate production lines for the device.

The end of reporting on unit sales comes as Apple has been seeing little growth in units in its iPhone business. Foxconn production of the iPhone XR is said to be down as much as a quarter from the original goal.

Indeed, Apple is said to have recently increased its production request from 20m of the handsets this quarter, to 25m.


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