Apple Cuts New iPhone Production by 30 Percent

Sale for the iPhone XS series started in September with the iPhone XR hitting stores later in October

Sale for the iPhone XS series started in September with the iPhone XR hitting stores later in October

In recent weeks, Apple slashed production orders for all three of the iPhone models that it unveiled in September, these people said, frustrating executives at Apple suppliers as well as workers who assemble the handsets and their components.

Another important factor to consider is the fact that there's apparently a "lower-than-expected demand for the new iPhones", claims the report.

YouTube now offers free, ad-supported streaming Hollywood movies
The "Free to Watch" section was added to the "Movies & Shows" section in October, according to AdAge . The new free streaming facility also "presents a nice opportunity for advertisers", Dhawan said.

A lower-than-expected demand for the new iPhones and Apple's decision to offer more models has made it more hard to anticipate the number of components and handsets the company needs, according to the paper. Apple's stock has fallen more than 5% recently after it told investors it would no longer report iPhone unit sales and issued a lower-than-expected sales forecast for the Christmas quarter. In its investors earning call for the Q4, 2018 result, Apple's CFO Luca Maestri had cautioned that going forward the company would have "uncertainty around supply and demand balance", and are also facing "some macroeconomic uncertainty, particularly in emerging markets". That's the iPhone Xs, iPhone Xs Max, and iPhone Xr.

Citing unnamed sources, the article said Apple last month lopped a third off the 70 million units it had ordered for its new iPhone XR model between September and February - and then it reduced its orders again.

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