We know about rumours expecting Apple likely to produce three new iPhones - iPhone X, iPhone X Plus, and a lower-priced 6.1-inch iPhone, all of which are expected to release later this year. The source notes Apple is believed to be maintaining its existing production target of 30 million units across the iPhone 7, iPhone 7 Plus, iPhone 8 and iPhone 8 Plus range. Typically, Q4 is a very good quarter for iPhone sales. Ming-Chi Kuo, an analyst from KGI Securities is shining some light on the 2018 line up bearing the iPhone X name.
"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", Zhang wrote. Compared to the giant 6-inch-plus phones Apple is rumored to be releasing this year, it could make sense to keep an updated version of the smaller SE around. The shares sank $3.11 to $168.40 in Monday's late afternoon trading, translating into a almost $60 billion loss in the company's market value since the stock last peaked.
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There is no mention of the where that information is coming from, only that Apple had original meant to sell more than 40 million iPhone X devices in the first quarter. Presumably, Apple would continue to offer the 4.7-inch iPhone 8, but that would feature older components. Apple would not comment to The Nikkei on its production plans for the iPhone X. But rising inventories appear to have pushed the company to sharply slow production.
A few of Apple's iPhone parts suppliers are based in Asia.
Shares of US-listed Apple suppliers such as Micron Technology Inc edged lower following Nikkei's report.