Published: Fri, June 08, 2018
Markets | By Otis Pena

Apple slides after telling suppliers to slash production by 20% (AAPL)

Apple slides after telling suppliers to slash production by 20% (AAPL)

A brand new report claims that Apple has instructed its component suppliers to make around 20 percent fewer parts for iPhones in the second half of the year.

A customer stands underneath an illuminated Apple logo as he looks out the window of the Apple store located in central Sydney, Australia, May 28, 2018. Nikkei notes that worldwide smartphone shipments slightly contracted for the first time in 2017, falling 0.3 percent to 1.46 billion units, and that iPhone sales declined a similarly modest 1 percent at the end of a year ago.

It knocked 2 percent off Apple's shares and send stocks of its suppliers around the world as much as 6 percent lower, weighing on the US and other stock markets. That would be down from 100 million units of last year's new iPhone models that shipped in 2017. Analysts suspect that the $1,000 iPhone X may be hurting demand, even though it was the best-selling smartphone in early 2018.

Kuo said that Apple was likely to launch a 6.5-inch OLED "IPhone X Plus", a second generation of iPhone X and an iPhone with a 6.1 inch screen.

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A Patriots spokesperson tells 7News that the team is "aware" of the report but not commenting on the matter at this time. Brady, who could be heard yelling an obscenity after the previous play, then hit Rob Gronkowski with the next pass.

Aside from lowering shipment orders, you can see that Apple is cognizant that devices last longer by the fact that with iOS 12 they continued to support devices which supported iOS 11 - that includes phones all the way back to iPhone 5s which was released five years ago.

"I am not overly concerned. about the lower supply speculations", he said.

A supply chain source told the Asian news agency that Apple requested Foxconn and Pegatron to begin assembly in July for the OLED devices. "Apple is doing enough in general to keep the ball moving forward", Forte said.

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