May 21, 2024
Report Claims Apple Has Reduced New iPhone Orders for a Second Time

Report Claims Apple Has Reduced New iPhone Orders for a Second Time

Posted November 27, 2018 at 4:44pm by iClarified
A report from DigiTimes today claims that Apple has 'enforced a second wave of order reduction' due to weaker-than-expected sales for its new devices.

Taiwan supply chain partners are starting to feel the pinch with some laying off workers and reducing earnings estimates.

iPhone camera lens supplier Largan Precision, for instance, has estimated its November revenues will fall from October. Career Technology, a supplier of flexible PCBs for iPhones, have recently laid off 110 dispatched workers to cope with order cuts by Apple.


Earlier this month, Lumentum Holdings, a company that provides Apple with vertical cavity surface emitting lasers (VCSELs) for Face ID, announced a significant reduction in orders from one of its largest consumers. The led the company to revise its outlook for fiscal Q2 2019.

Last week, Foxconn announced plans to cut $2.9 billion in expenses in 2019 as it anticipates a 'very difficult and competitive year'.

In Japan, Apple has just subsidized the price of the iPhone XR to mobile carriers leading to drop in price of about 12000 yen ($106USD) for device.

While some suppliers will be hurt by a drop in iPhone orders, TSMC has many other clients lining up for its services and will not be affected significantly.


Taiwan Semiconductor Manufacturing Company (TSMC) has been little affected by a cutback in chip orders for Apple's new iPhones as many of its other fabless clients are queuing for its 7nm process capacity, according to industry sources.

More details in the full report linked below.

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Report Claims Apple Has Reduced New iPhone Orders for a Second Time
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Comments (4)
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wikki1977
wikki1977 - November 27, 2018 at 8:40pm
I got XS Max , and started having issue Went to apple they say compass is failing Need to replace it Expensive piece of crap it is
onelife
onelife - November 27, 2018 at 7:12pm
Still got my 5S fits in my shirt pocket every time I think about upgrading I say do I really need to nope saves me $1200 bucks by saying no
RedMax
RedMax - November 27, 2018 at 6:34pm
iPhone is becoming just too expensive! I have an X and love it but will be keeping it for longer. If Apple continues its, last year cheaper, year before cheapest then I will be behind a couple of years. The price of £1150 for a phone is starting to make me think about just how much I need one. I am fully committed to the Apple ecosystem with Mac, iPad, homepods etc. Common sense tells me there are cheaper options.
hamood_d10
hamood_d10 - November 27, 2018 at 5:25pm
Typical apple, they didnt learn from iPhone 5c!?, one of the ahottiest product ever made and for 700 $?! I feel apple is falling behind
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