Apple will reportedly manufacture 10% fewer iPhones this quarter

Apple Inc. is cutting its current iPhone production by about 10% for the next three months the Nikkei Asian Review reported on Wednesday

This, the publication says, is the second time it's explicitly lowered the production of its new, flagship iPhones.

China is cited as the reason for weakening iPhone sales as that country's economy slows, which has been impacted by a trade war with the United States.

The Cupertino, California, company asked suppliers to make fewer of its newest iPhone models - the XS, the XS Max and the XR - for the quarter, Nikkei Asian Review reported Wednesday, citing unidentified sources.

The request was made before Apple cut its forecast last week, Nikkei said. The bleaker sales outlook, which Apple attributed to weak China demand, triggered a broad sell-off in global stock markets. This figure is derived from sources apparently familiar with this request, and applies to the first 3 months of 2019. The report indicates that Apple is going to reduce production from 43 million units to 40 million iPhones. As the Nikkei Asian Review reports, this "is the second time in two months that the USA company has trimmed its planned production for the flagship device".

Shares of Foxconn, the world's biggest electronics contract manufacturer, were up 1.6 percent while Pegatron was up 1.3 percent.

Chief Executive Tim Cook reiterated in an interview with CNBC on Tuesday that India was a major focus for Apple.

A new report claims that Apple has cut production of new iPhones by another 10 percent in the wake of its blockbuster sales warning.

Related News:

  • Rare penny found in Pittsfield selling for $120,000

    Rare penny found in Pittsfield selling for $120,000

    After being dispelled by the Treasury Department, Lutes made a decision to keep his 1943-branded coin for his personal collection. The World War II collector's item is "one of the most valuable coins in American history", according to Heritage Auctions .
    Calif. man allegedly stole winning $10M lottery ticket from roommate

    Calif. man allegedly stole winning $10M lottery ticket from roommate

    And the probe quickly dovetailed with the Vacaville Police Department's investigation into the missing lottery ticket. When the roommate went to the lottery office to collect his winnings, he thought he had only won $10,000.
    Fox News host Shep Smith wasted no time fact-checking Trump's address

    Fox News host Shep Smith wasted no time fact-checking Trump's address

    Initially, Trump insisted Mexico would pay for the boarder wall . "It's like the patient zero of fake news", Wallace added. Fox News almost eclipsed both networks by 1.5 million viewers over the course of the night from 8 p.m.to 11 p.m.
  • Michael Jackson estate slams documentary that alleges sex abuse by singer

    Michael Jackson estate slams documentary that alleges sex abuse by singer

    And Wade Robson and James Safechuck both alleged Jackson abused them when they were children in lawsuits filed in 2013 and 2014. Jackson died on 25 June 2009 aged 50 after receiving a lethal dose of the anaesthetic propofol.
    Meghan made patron of National Theatre

    Meghan made patron of National Theatre

    Meghan Markle , the Duchess of Sussex , marked another first in her eight months as a member of Britain's royal family. Two of the patronages Meghan now has formerly belonged to the Queen and have been handed over to the Duchess.

    Flu cases starting to surge, with kids and teens especially vulnerable: doctors

    Healthcare workers should also get the vaccine to protect themselves and those that they care for. Those who are sick should not go to work or school, and are encouraged to stay home instead.
  • Kevin Hart on Hosting Oscars: 'I Can't Do It This Year'

    Kevin Hart on Hosting Oscars: 'I Can't Do It This Year'

    Unfortunately, the interview didn't go as the Academy hoped it would. "I've said everything I can possibly say and I'm over it". Hart's apology is what ruffled people's feathers in the first place with many asking if the popular comedian is really honest .

    BCCI announces schedule for India`s T-20I, ODI home series vs Australia

    They will play three ODIs in Australia and another five ODIs in New Zealand along with a three-match T20I series there as well. All ODIs will be day/night affairs, starting at 1:30 PM IST, while the T20Is will commence at 7 PM IST.
    Truck driver in crash of hockey team's bus pleads guilty

    Truck driver in crash of hockey team's bus pleads guilty

    The crash prompted Saskatchewan and Alberta to introduce stricter rules for driver training and licensing. Ryan spoke to " CBS This Morning " previous year about his only memories of the crash.
  • Sopranos Prequel Will Have A Young Tony Soprano

    But he began to rethink the idea in recent years when reminiscing about his own childhood experiences in the city of Newark. Are you excited for more The Many Saints of Newark? Those traditions were followed more loosely in the series.
    Minnesota Timberwolves Were Frustrated With Tom Thibodeau

    Minnesota Timberwolves Were Frustrated With Tom Thibodeau

    Ryan Saunders will serve as the Timberwolves' interim head coach moving forward, while Scott Layden is the team's general manager. It will be the first time we get to see how the team's offense, defense and rotations will differ from Thibodeau.
    Warrant Issued for R. Kelly's Ex Manager Over Threats to Victim's Family

    Warrant Issued for R. Kelly's Ex Manager Over Threats to Victim's Family

    Foxx's call to gather information surrounding the embattled R&B singer stems from the six-part Lifetime series, Surviving R. The couple was interviewed in the docuseries, along with numerous other women .


Most liked

Mercedes CLA gets sportier design, gesture control
The company will introduce in over 10 new products, including an array of products from the performance brand AMG, this year. Mercedes-Benz have also developed a system by which MBUX only responds to the last person to have said "Hey Mercedes".

Manny Pacquiao Asks Floyd Mayweather For Rematch at Clippers Game
Rivers revealed that he has a collection of boxing gloves in his house, one pair given by Pacman himself fifteen years ago. While throwing t-shirts to the crowd, Pacquiao chanced upon Mayweather and the two dapped each other up.

Oakland A's expect Kyler Murray to enter 2019 National Football League draft
Oklahoma star Kyler Murray signed a deal with the Oakland Athletics to play baseball following the 2018 season with the Sooners. Murray was drafted ninth overall in the 2018 MLB Draft and has a $4.66 million bonus with the Oakland A's .

‘Shooting star’ Hudson-Odoi interested in Bayern move - Rudiger
The Chelsea forward looks set to agree a deal to leave Stamford Bridge this month following a series of big bids for the 18-year-old.

Felix Tshisekedi: Opposition leader named winner in DR Congo poll
Speculation swirled this week that Kabila's government sought to make a deal as hopes faded for a ruling party win. The result could lead to the country's first democratic transfer of power since independence from Belgium in 1960.

Jeff Bezos And Wife, MacKenzie Bezos, Announce Divorce
Likewise, Google co-founder Sergey Brin's stake remained unchanged after he and Anne Wojcicki divorced without fanfare in 2015. Bezos also owns the Washington Post newspaper, while the company acquired the Whole Foods supermarket a year ago .

Radio signals coming from deep space detected in Canada
With CHIME, this concept for telescope design comes of age and is being used for breakthrough science to detect FRBs. Of more than 60 fast radio bursts detected so far, only one of them has ever repeated.

Ranveer Singh impresses as aspiring rapper in 'Gully Boy' trailer
With a great line-up of films, Alia will be seen opposite Ranveer Singh in Gully Boy and in Brahmastra opposite boyfriend Ranbir. Ranveer says he feels bad when someone's film doesn't work at the box office as everyone is a part of the same industry.

This Old Photo Of Clemson Head Coach Dabo Swinney Is Going Viral
It was the fourth time that Clemson has faced the Tide in the playoff era, and the second time they defeated Nick Saban. Despite the rankings, Clemson proved everyone wrong and dominated, winning by a score of 44-16.

Elon Musk called the launch date of Dragon-2 to the ISS
On Thursday, Jan. 3, the private spaceflight company released photos of the spaceship on top of its rocket, the Falcon 9. Since the retirement of the space shuttle almost eight years ago, NASA has bought expensive rides on Russian rockets.

European Union nations reach deal on stranded migrants, Malta announces
Another 78 will be allowed to stay in Malta, while 44 Bangladeshi migrants will be repatriated. In addition, the countries will also take in numerous 249 migrants already in Malta.

Could Audi lead in VR entertainment for self-driving cars?
Audi has always followed its tagline "Vorsprung Durch Technik" which in English translates to "Improving Through Technology". Audi has co-founded a company called holoride with the sole focus being to provide immersive in-car entertainment .

BMW 7-Series leaked: Distinctive styling on the menu for flagship sedan
It shows a BMW 7-Series facelift with a very large kidney grille, similar to the controversial design found on the new BMW X7 . A photo showing what looks to be the front grille of the anticipated BMW 7-Series facelift has been leaked through Instagram .

Lenovo\'s Smart Clock will make sure you\'re always on time
The real beauty in the Smart Clock is how it integrates with other smart products. The Smart Clock's interface is a low-key affair.

May suffers parliament defeat as Brexit debate resumes
The government had also been defeated on Tuesday night as MPs sent a powerful signal they will not accept a "no-deal" Brexit . May's fellow Conservative Party colleagues who support a hard Brexit , which would entail cutting nearly all ties to the EU.