Poor Demand for iPhone XR Forces Apple to Halt a Planned Production Boost
Slower-than-expected demand has reportedly led Apple to direct its top phone assemblers, Foxconn and Pegatron, to halt a planned production boost for iPhone XR, a relatively cost-effective model that hit the shelves late last month. Foxconn, a Taiwan-based company, would produce around 100,000 fewer units daily to reflect the new demand outlook, down 20-25% from the original optimistic outlook, Japanese financial paper Nikkei reported on Monday citing anonymous sources. "For... Read More