CALIFORNIA: Apple Inc expects to ship 80 million new model iPhones this year, down 20% from what it had planned at the same time last year, the Nikkei Asian Review reported on Friday, citing industry sources.
The California-based firm has asked its parts suppliers to make about 20% fewer components for the three new iPhones it plans to launch in the second half of 2018, compared to last year’s plans for its iPhone X and iPhone 8 models, the paper reported, report Agencies.The report adds to concerns of weakening smartphone sales after years of scorching growth as sales stagnate in key growth markets such as China and users upgrade their phones less often.
It knocked 2% off Apple’s shares and send stocks of its suppliers around the world as much as 6 percent lower, weighing on the US and other stock markets.
“Apple is quite conservative in terms of placing new orders for upcoming iPhones this year,” one of the four sources, who is in the supply chain, told the Nikkei Asian Review. “For the three new models specifically, the total planned capacity could be up to 20% fewer than last year’s orders.”