Those analyses were corroborated this morning in a fresh report from the well-connected Nikkei Asian Review, which most notably tells us of Apple's latest decision to slash iPhone X production by a whopping 50 percent during the fiscal first quarter - cutting its targets from 40 million units in the to around 20 million.
Recent reports stated that when Apple reveals its new iPhones later this year, it will end production of the iPhone X. "With three new models in the pipeline for the second half of 2018, we believe Apple may have used up its development resources", Kuo says in a portion of the note published by MacRumors. Apple would not comment to The Nikkei on its production plans for the iPhone X. But rising inventories appear to have pushed the company to sharply slow production.
Speculation about disappointing demand for the iPhone X has been swirling for the past week, contributing to a 6 per cent decline in Apple's stock since it hit an all-time high of $180.10 on January 18.
Credit: Tom's GuideThat's according to analyst Ming-Chi Kuo of KGI Securities, who's developed a following based on his connections to Apple's supply chain. The American company itself is thinking about lowering its sales target for OLED versions of new iPhones to be released this year, focusing more on conventional liquid crystal display versions instead. Following a downgrade to an investment recommendation for Sony last week, other iPhone X-related Japanese electronic parts manufacturers also saw their share prices decline.
Kasganj Clashes: UP CM announces ex-gratia of Rs 20 Lakh
Commenting on the arrests made in the matter, an official statement by UP Police said that total 112 people have been arrested. Security agencies have deployed Rapid Action Force to maintain peace in the area along with a curfew being imposed.
One of the main reasons for the iPhone X's lackluster performance seems to be the price.
What are your thoughts about Apple coming out with a possible iPhone X Plus and iPhone X SE? 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 stakes were (and continue to be) high for Apple's high-end iPhone X.