November 6th, 2018 3:58 PM 5 COMMENTS

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

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