Apple Share Tank 2% Following Reports Of Production Cuts

Apple Shares fall after Report indicates iPhone X Production Cuts

The "cheaper" iPhone XI will feature a 6.1in LCD display and retail for around $700, according to KGI Securities analyst Ming-Chi Kuo.

"The Gro CRM 2.0 platform gets a massive update today which includes iOS 11 and iPhone X features", said Sophia Maes, senior vice president of sales at Gro Software, in a statement.

Critics have accused Apple of nudging iPhone users to upgrade to newer models by letting them think it was the handsets that needed replacing, rather than just the battery.

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

iPhone X;s production cut will not only impact Apple but also affect manufacturers like Samsung which supply components for the smartphone.

Supply chain sources say Apple is dramatically scaling back iPhone X production, but that's hard to gauge because those sources know only what their specific component orders are.

Kuo reckons it will account for around 50% of Apple's new iPhone sales in 2018/19, though he does not know what the handset will be called yet.

However, the device might have a faster processor and most likely a lower price, too.

Lastly, Kuo hinted at a third iPhone that would be available at a lower price point that the iPhone X models. Most of the sources which revealed rumors about the potential launch of iPhone SE are based in Asia. Apple's newest iPhone and iPad software - iOS 11- has been particularly riddled with bugs, which Apple has continued to fix throughout the past year. And if there is something at all, it maybe a minor update which will aim towards a specification boost but nothing major like introduction of wireless charging or anything on the similar lines. Apple did not confirm any of these rumors. The issue affects older models including the iPhone 6, iPhone 6s, iPhone SE, and iPhone 7. However, in India, the selling price of the iPhone X is slated to be Rs 89,000 for the 64GB variant which translates to $1,388, nearly 39 percent more than the USA, while the 256GB variant is priced at Rs 1, 02,000 which translates to $1,521. "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.

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