Apple is slowing down production of the iPhone X
Reuters
- Apple is lowering production of the iPhone X for the first quarter of 2018.
- Credit Suisse analysts said that production for Q1 was lowered to 19 million devices.
- Analysts predicted in December that shipments of the phone would drop after its release in 2017.
Apple is cutting orders for the iPhone X from its factories in China, according to an analyst note from Credit Suisse and a DigiTimes report, both published on Wednesday.
Credit Suisse analysts said that iPhone X production for January to March was lowered to 19 million devices, and the production forecast was lowered to 25 million from 31 million.
DigiTimes also reported that iPhone orders were down, although it also reported that orders for the new iPhone 8 and iPhone 8 Plus had declined in Q4 2017.
However, Credit Suisse noted that "planned production of over 60 million units in Jan-Mar is higher than that of the iPhone 6 in Jan-Mar 2015." So Apple is still producing more iPhones than it did two years ago, with no sign of a major dip in the number of devices it produces.
The latest reports of iPhone X production cuts follow analyst reports in December which predicted a dip in iPhone X shipments in Q1 2018.
One analyst, Zhang Bin of Sinolink Securities, said "after the first wave of demand has been fulfilled, the market now worries that the high price of the iPhone X may weaken demand in the first quarter."
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