Apple Inc. (AAPL) Slashing iPhone X Production Amid Weak Demand

Apple Inc. (AAPL) Slashing iPhone X Production Amid Weak Demand

There are indications that the original iPhone X could reach its end of life around mid-2018 and this effective means that new iPhones could be in pipeline.

Apple (NASDAQ:AAPL) will halve its iPhone X production target to 20M units for Q1 CY18, according to Nikkei Asian Review sources.

Sacconaghi of Bernstein had originally predicted that Apple would outpace Wall Street expectations of 62 million iPhones by selling 66 million units, but on Monday he cut that figure to 53 million units, a almost 20-percent cut.

Kuo's analysis seems to be heavily based on Apple's rollout of the iPhone 8, 8 Plus and X in 2017. Typically, Q4 is a very good quarter for iPhone sales.

Apple's Next iOS To Add Battery Monitoring, Business Chat, AR Tools
Business Chat doesn't share the user's contact information with businesses, Apple stated, and users can exit a chat at any time. The iOS 11 pre-release betas also referenced "modern iPhone" prior to the release of the iPhone X.

Building on a report from December, Kuo revealed that Apple has a total of three new iPhones up its sleeve for 2018: a 5.8-inch OLED iPhone X, a 6.5-inch OLED iPhone X Plus and a 6.1-inch Full Active LCD iPhone that's equipped with Animoji, Face ID and ultra-thin 0.5mm bezels.

The iPhone X, which features an edge-to-edge display and facial recognition technology to unlock the phone, went on sale in November.

KGI Securities Analyst Ming-Chi Kuo, who is notable for having a track record of predicting Apple's iPhone developments, said in a research memo obtained by MacRumors that the company will likely be too busy launching three iPhone X-style phones to spend much time revamping the SE.

Both iPhone X models will have 4GB of RAM while the 6.1-inch iPhone will feature a 3GB of RAM. Following a downgrade to an investment recommendation for Sony last week, other iPhone X-related Japanese electronic parts manufacturers also saw their share prices decline. Kuo will also undoubtedly hand out more notes and predictions, if all of this is valid, Apple seems to be sticking to the three phones per launch format that it went with previous year. And finally, it will be using an LCD screen instead of OLED.

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