Health Care

After a disastrous quarter, Apple is cutting iPhone production

After a disastrous quarter, Apple is cutting iPhone production”

We can say that based on Apple's report on Chinese demand, it's not quite a global iPhone crisis as much as it is a Chinese consumer crisis. iPhone sales numbers there are plummeting as new entrants from Chinese rivals Huawei and others continually improve on quality and feature sets and sway customers away from iFruit products.

Apple cut its quarterly sales forecast for the first time in 16 years last week, saying that iPhone sales were lower than expected, particularly in China.

Apple ordered its suppliers to cut down the number of new iPhone model units coming off their production lines right before Tim Cook published his letter to the Apple investors at the beginning of the month.

Another source familiar with the situation said that under the revised plan, overall planned production volume of both old and new iPhones will be reduced to about 40 million to 43 million units for the January-March quarter from an earlier projection of 47 million to 48 million units. And it applies to all of them, the iPhone XS, XS Max, and XR.

Market research firm Canalys estimates shipments fell 12 percent in China a year ago and expects smartphone shipments in 2019 to dip another three percent, to below 400 million for the first time since 2014. Apple suppliers, including Britain's Renishaw, were hit by the sell-off.

Apple did not immediately respond to a Reuters request for comment. Cupertino probably decided on that initial goal based on previous sales, seeing as it sold 52.21 million units within the same period past year.



Like this

loading...
loading...

Latest


11 January 2019
Hubble Telescope captures most detailed image ever of nearby galaxy
Its diameter is only 60 thousand light years in comparison with 200 thousand the galaxy Andromeda or 100 thousand the milky Way. The end result shows the central part of Triangulum and its inner spiral arms, including an estimated 10 to 15 million stars.

10 January 2019
Tim Tebow Is Engaged to Former Miss Universe Demi-Leigh Nel-Peters
The 2007 Heisman Trophy victor is now a member of the Binghamton Rumble Ponies, the New York Mets' AA team. She now lives in New York- and she's fluent in both English and Afrikaans. "I was excited.

10 January 2019
Laerskool Marble Hall accused of refusing black pupils admission
He added: "We are suspending her [the teacher] because we want the investigation to be fair and free". To Limpopo now where another primary school has been accused of racism.

10 January 2019
IBM Unveils The Very First Commercial Quantum Computer
Microsoft is working on creating hybrid quantum computers, which combine the new technology with more conventional processors . In order to acquire the system, the interested businesses would have to collaborate with IBM on a case to case basis.

10 January 2019
Aaron Ramsey Set To Cash In With Juventus Move
Meanwhile, European football expert Andy Brassel claims Juventus are willing to bide their time to land Ramsey. And Ramsey said as much to him during Arsenal's 3-0 win over Blackpool in the FA Cup last weekend.

10 January 2019
Clark County close to active flu season
A New Jersey child has died of the flu, marking the first pediatric flu death of the 2018-2019 season in the state. H3N2, the strain largely responsible for last year's outbreak, has so far been less common than the H1N1 strain.

10 January 2019
Troy Tulowitzki wants Yankees to sign Manny Machado
That plan could change if they end up landing Manny Machado , but Tulowitzki is still rooting for it to happen. After years of consistent losing, the White Sox and their loaded farm system are ready to start winning now.

10 January 2019
Rare penny found in Pittsfield selling for $120,000
Mint create Lincoln pennies on steel planchets coated with zinc in order to preserve cooper for use in the Second World War. The coin is one of around 20 Lincoln pennies printed with a copper-looking surface, Fox News reported .

10 January 2019
Man authorities believe shot Texas girl charged with murder
Houston Texans wide receiver DeAndre Hopkins pledged his National Football League playoff game check to Jazmine's family. Shaquille O'Neal and Houston Senior Police Officer Kenneth Miles are covering the costs of her funeral .

10 January 2019
German police: Assailants beat far-right lawmaker unconscious
AfD stated that they are shocked and are calling on the police to find the perpetrators, they refer to as terrorists. Last week an AfD office in the eastern town of Döbeln was damaged in an explosion.