Apple To Reduce Production Of iPhones By 30%

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Around 60% of Apple’s yearly revenue is generated from the sale of the iPhone. However, it is believed that they will be allegedly reducing orders of the iPhone 6s and iPhone 6s Plus to suppliers by as much as 30 percent this quarter. A recent  report by the Wall Street Journal states that Apple’s iPhone production is slowing down. According to “three sources familiar with Apple’s supply chain”, the company has reduced orders to suppliers, leading to layoffs and idle capacity at Apple’s Chinese suppliers. The claims are backed up by a $12 million grant given to Foxconn, Apple’s primary iPhone manufacturer, by the Chinese government in order to minimize layoffs. Read More

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