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Apple cuts production plan for new iPhones by 10% for first quarter

Mint
Mint
6 months ago|400 views
Apple Inc is cutting planned production for its 3 new iPhone models by about 10 percent. Many analysts and consumers have said the new iPhones are overpriced. Apple asked its suppliers last month to produce fewer models of the XS, XS Max and XR. The request was made before Apple cut its forecast last week. Production volume is expected to be cut to 40 million to 43 million units for the Jan-March quarter.