Apple will produce a smaller iPhone

Apple Cuts First Quarter Production Plan for New iPhone Models by 10 Percent Report

Apple is cutting its production plan for new iPhones by about 10 percent for the next three months, the Nikkei Asian Review citing sources familiar with the matter. The company is said to have asked suppliers in late December to produce fewer iPhone XS, XS Max and XR devices than it had originally planned for its second quarter, which runs from January to March.

This decline in production would have been decided before the warning on the results of the last quarter whose turnover should be $ 84 billion instead of the 89 to 93 billion initially anticipated. -China trade war, even though most of its products are not yet subject to additional USA tariffs imposed on Chinese-made goods.

Apple CEO Tim Cook this week told investors that the main drag on the firm's performance in China had been a sharper-than-expected slowdown in the country's economy, exacerbated by the impact of trade tensions between Washington and Beijing. Of course that was all debunked when Apple had a record breaking quarter for iPhone sales.The iPhone X had been the top selling iPhone every week since shipping.

While Apple's stock has suffered lately from a string of news that has disturbed investor confidence, Sculley said the public does not always get a glimpse at the "big" plans that a company's officers are discussing behind closed doors. Summit Trail Advisors LLC raised its stake in Apple by 17,669.4% during the 1st quarter.

Congressman LaMalfa Responds to President's Threat to Withhold FEMA Funding
State officials have pointed to a variety of factors including some of the hottest years on record amid global warming trends. Critics on social media questioned whether Trump could legally withhold FEMA money that has already been appropriated.

Apple did not immediately respond to a Reuters request for comment.

The report comes after chip suppliers Samsung Electronics and Skyworks Solutions flagged weak first-quarter chip demand for smartphones.

Market research firm Canalys estimated shipments of smartphones fell 12 per cent previous year in China, the world's largest smartphone market. The 64 GB variant, which is the lowest priced iPhone, was sold the most. iPhone XR itself is the cheaper variant of the iPhone and it's 64 GB variant is the cheapest new iPhone one could buy.

Speaking to CNBC Tuesday, Cook said the company was planning to announce "new services" later this year, without elaborating on what those might be.

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