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Apple is experiencing a recent crisis with stockouts and rumors that the company would have reduced the production of new iPhone models. Now, according to the Chinese website Digitimes, the company would have made another cut in the productions.
The site has reached this information on behalf of the company's suppliers. According to the Taiwan Semiconductor Manufacturing Company (TSMC), the US manufacturer reportedly reduced orders for 7-nm processors, used in A12 chips, present in the three models presented this year.
Officially, Chinese companies also announced a decline in their fourth quarter revenues due to the reduction in the production of iPhones this year. As a result, TSMC has transferred its production to other manufacturers, such as Kirin 980, intended for the Huawei Mate 20, and is already starting to negotiate the production of Snapdragon 8150 with Qualcomm at the end of the year.
In addition to TSMC, Largan Precision, lens supplier for Apple devices, is also expecting a drop in sales for October due to lower demand from the US manufacturer. Career Technology, which provides electronic cards, is another problem that poses at least one problem. This Chinese supplier has already fired 110 employees for the drop in demand.
Last week, the Wall Street Journal had raised a rumor that Apple would have reduced by nearly a third the production of the three new models of iPhone. The reason is that the pre-sales of iPhone XR, XS and XS Max were below expectations.
According to the US newspaper, Foxconn reportedly gave a hundred employees a voluntary leave because of Apple's schedule change. Until now, the manufacturer of the iPhone does not confirm the information.
However, this has thrown the company's stocks. Since September, when the price of its shares reached a record level, the value of its shares has fallen by more than 29%.
Source: Digitimes
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