Apple to Cut iPhone Production By 10% in Q1 2017 [Report]

Source: www.iclarified.com --- Friday, December 30, 2016
Apple is cutting iPhone production by 10% in the first quarter of next year due to sales that are more sluggish then expected, reports Nikkei. This comes after the company slashed output in January-March 2016 due to accumulated inventory of the iPhone 6s line at the end of 2015. That experience led Apple to curb production of the iPhone 7, introduced in September, by around 20%. But the phones still have sold more sluggishly than expected. Information on production of the latest models and global sales suggests cuts in both the 7 and 7 Plus lines in the coming quarter. Nikkei says the larger iPhone 7 Plus is still popular but a shortage of camera sensors has prevented Apple from meeting demand. Demand in Japan for the iPhone 7 is strong; however, the country accounts for only about 10% of the market. Share Article: Facebook ,    Twitter ,    LinkedIn ,    Google Plus ,    Email ,    Reddit ,    Digg ,    Delicious ,    StumbleUpon Follow iClarified: Facebook ,    Twitter ,    LinkedIn ,    Google Plus ,    Newsletter ,    App Store ,    YouTube Advertise Here ...

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