Apple reportedly cancels production boost for the iPhone XR

Apple reportedly cancels production boost for the iPhone XR

Apple reportedly cancels production boost for the iPhone XR

And are you surprised by the low demand for the iPhone XR?

Japanese news service Nikkei reported Monday that Apple has asked its Chinese suppliers including Foxconn to halt plans for additional production lines of the newly released iPhone XR, whose price starts at $749 instead of $999 and up for the other new iPhones.

Apple's smaller supplier, Wistron, was reportedly told to eliminate all expectations of producing any iPhone XR parts.

Last year, Apple had to face one of the most controversial year endings when the infamous performance throttling feature was discovered to bog down older iPhones.

At the lowest level of the day, Apple shares have registered a loss of 10.8 per cent in two days.

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Had Farrell been cited by commissioner Keith Brown, Farrell's availability for England's clash with New Zealand next weekend would have come under threat.

Apple's stock price is now down 9.8 percent from its close of US$222.22 on Thursday.

That'd mean the company would make around 100,000 fewer XRs, the report noted, while a source within Pegatron said "XR production is not reaching its maximum capacity now". These two models are roughly 20% cheaper than Apple's new iPhone XR which is available in the USA at a starting price of $749.

Taiwanese assembler Pegatron Corp fell almost 4 per cent and rival Hon Hai Precision Industry Co Ltd (Foxconn) fell 2.5 per cent. Apple is widely considered the biggest customer for Foxconn. We believe this potential round of iPhone XR production cuts by Apple may be attributable to the recently found PA quality issues. Apple is widely considered the biggest customer for Foxconn.

Apple shares fell almost 4 per cent on Monday after the report from the Nikkei financial daily, which fuelled concerns that the iPhone XR - the cheapest of three iPhones unveiled in September - was facing weak demand just days after it hit shelves.

"We caution investors not to lose sight of the massive metamorphosis on the horizon at Apple being led by the services business", Ives wrote in a research report published Monday. Someone in Cuba would have to work 608.4 days to afford the iPhone XS and 669.3 days to pay off the iPhone XS Max.

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