Apple will now cut down on the latest iPhone production by 20%

Apple is expected to ship about 80 million iPhones this year. They are cutting down 20 percent of the entire production because the firm from Cupertino, California have asked their parts suppliers to cut down on components production by 20 percent. Hence, the three new iPhones that will be launched in the second half of 2018 will be less compared to last year’s plan for its X and 8 models.

Analysts believe that the price of iPhone X that sells for $1,000 is the only phone to incorporate a new design since the launch of the iPhone6 that released in 2015. For now, it is muting the demand for a flagship. Ming-Chi Kuo said that Apple might cut down on prices by $300 of its new iPhones that will be debuting later this year. He also added that Apple is currently planning to release a 6.5-inch OLED iPhone X Plus as the second gen iPhone X.

The fact is Apple’s stock added more than $200 billion in 2017 because of the demand for iPhone X. Thomas Forte (DA Davidson, Analyst) feels that he is not concerned about the lowered supply speculations because Apple is doing enough to keep the ball moving forward.

With this in mind, many might assume that this will eventually lead to the downfall of the iPhone sales. But Apple has always played their cards right in the market. So, we should wait and watch and see the results by the end of 2018.