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Since arriving on store shelves a little over a week ago, Apple 's XR iPhone has elicited extremely positive reviews. Displaying a screen almost at a much lower price than Apple's iPhone XS models, many analysts predict that the iPhone XR will be a huge success this holiday shopping season.
Throw cold water on this idea is a new report from Nikkei which claims that Apple is reducing the production of the iPhone XR due to lower demand than expected. The report states in particular that Apple has recently asked manufacturers partners Foxconn and Pegatron not to add additional production lines as originally planned.
A source claiming to know the production of iPhone XR told the publication that Foxconn had originally prepared 60 assembly lines for the iPhone XR, but that it uses only about 45 assembly lines. Nikkei source says the overall production of iPhone XR could range from 20 to 25% lower than initial estimates.
As usual, you may want to take Nikkei report with a grain of salt, especially in light of analyst Ming-Chi Kuo's recent note to investors explaining how iPhone XR sales during the holiday quarter could reach 38 million units. It should also be noted that Jim Cramer on CNBC earlier today, said the Nikkei report is fake and "complete nonsense".
In general, we just have to wait until January for Apple to release its earnings report to better understand the overall iPhone sales and the veracity of the results. Nikkei report. But if you remember, Apple announced last week that it would no longer disclose iPhone sales in its quarterly reports.
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