Apple cancels iPhone XR production boost

Angelica Greene
November 6, 2018

This has led the company to cancel a so called "production boost" for the model.

"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.

"If the reports are accurate, we do find it somewhat disturbing that this would take place so early after the launch of the iPhone XR", Angelo Zino, an analyst at CFRA, said of the Nikkei report. However, it is now using only around 45 lines and does not require any additional production capacity.

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".

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Meanwhile, Pegatron, which is another key partner of the Cupertino-based tech giant, has had to "suspend plans to ramp up production", now "awaiting further instructions", according to supply chain sources that are typically right about these things.

As for Wistron, Apple has asked the smaller iPhone assembler to stand by for rush orders, but supply chain sources claim the company will in fact receive none for the XR this holiday season. And at a starting price of $749, it's the most affordable new iPhone on store shelves. Reportedly, Apple has instructed three separate suppliers to either reduce or completely eliminate production expectations for the new device.

The latest iPhone may be one of the hottest flagships this year, but it seems like Apple has miscalculated demand for the product if a report from Nikkei is accurate. Apple previously planned 20 million units for the older iPhone models this quarter, but raised the figure to 25 million units, the individual said. Weakened demand for smartphones globally might not hurt Apple's revenue too much, but suppliers could feel the strain. This news arrives shortly after Apple has made a decision to stop sharing units sales on individual product lines.

Other reports by GizPress

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