Apple To Warn Of Drop In iPhone Parts Orders Nikkei
09 June, 2018, 12:16
Apple (AAPL) and a host of its chip suppliers fell Friday on a report that the consumer electronics giant will make fewer new iPhones this fall than it did a year earlier. Apple is thought to be planning to launch three new iPhone models later this year, and it appears the company expects to sell fewer than it did with the iPhone X and iPhone 8.
Apple may be anxious that its next iPhones won't be as popular as its last. Other European semiconductor stocks including Dialog Semiconductor Plc, STMicroelectronics NV and Infineon Technologies AG all slipped after the Nikkei said that Apple told its supply chain to prepare about 20 per cent fewer components for iPhones debuting in the latter half of this year, compared with 2017's orders, citing people in the industry it didn't identify. Previous reports suggested that this request by Apple could lead it to release the OLED sporting 5.8-inch iPhone Xs and 6.5-inch iPhone Xs Plus in September prior to the release of the iPhone 9.
"This news needs to be viewed in the context of Apple probably being overly optimistic last year in relation to the prospects for its new phones, leaving it with excess inventory in the first part of this year", Atlantic Equities analyst James Cordwell said, according to Reuters.
While media speculation about demand for the iPhone X swirled in the past six months, Apple's market value has continued to rise and is now within striking distance of $1 trillion. The iPhone X's high starting price of $999 has enabled Apple to hit record average selling prices for iPhones, and reports have conflicted about whether this year's top models will be equally or less expensive.
The iPhone is by far the biggest revenue generating product from Apple.
James was removed with 4:03 remaining and congratulated the Warriors before taking a seat on the bench. James said he kept the injury a secret because he didn't want the Warriors to know and take advantage.
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Melania smiles as her husband adds: "The people love you, the people of our country love you, so thank you, honey". Jenkins held up signs touting the message he's tried to convey using his platform as a pro football player.