Apple Shares fall after Report indicates iPhone X Production Cuts

Jon Howard
January 31, 2018

On the other hand, trusted KGI securities analyst Ming-Chi Kuo recently said that he expects Apple to launch three new iPhone X models this year. Concrete evidence of how the iPhone X is faring should emerge tomorrow when Apple is scheduled to release its fiscal first-quarter earnings. There was a controversy this month when he said Apple could stop manufacturing the iPhone X and replace it with a new 2018 model while talking about the price issue of iPhone X. For starters, it leaves fans of compact phones without much of a choice, since the smallest phone Apple will introduce this year would have a 5.8-inch display. The second phone will be an upgraded, larger version of the iPhone X, a massive 6.5-inch iPhone X Plus.

We're only a few days away from Apple releasing its Q4 2017 earnings report on Thursday, which will likely reveal more information about iPhone sales through the end of previous year. While iPhones have never been cheap, the iPhone X is the most expensive one yet, sporting a $999 starting price. Hence, the company has made a decision to cut iPhone X production targets in half in the first quarter of this year. The projected weak iPhone X sales are not likely to have a negative impact on the overall growth of iPhone models in the market.

If you were counting on a new iPhone SE arriving this spring, maybe it's time to start making alternative plans.

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Apple is rumored to release the iPhone SE 2 during the second quarter of 2018, but an analyst has expressed his skepticism over this claim. Apple has a wide range of suppliers, and one source seeing a reduction doesn't necessarily mean they all are. Apple depends on foreign markets to drive more than two-thirds of total iPhone sales.

According to an report, analysts are expected the global tech giant to report a record net income of at least $19 billion. And finally, it will be using an LCD screen instead of OLED.

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