IPhone XR sales reportedly kill production boost plan

Report: Apple cancels iPhone XR production boost

The iPhone XR is reportedly not selling as well as Apple and analysts predicted

A source familiar with the matter said: "for the Foxconn side, it first prepared almost 60 assembly lines for Apple's XR model, but recently uses only around 45 production lines as its top customer said it does not need to manufacture that many by now".

According to a Nikkei source, Apple's decision to reduce iPhone XR production came alongside an additional order of 5 million units for its older iPhone 8 and iPhone 8 Plus. Indeed, Apple is said to have recently increased its production request from 20m of the handsets this quarter, to 25m.

Ives reaffirmed his $310 price target for Apple's stock, representing more than 50% upside to the current stock price.

Iran marks USA embassy siege on eve of sanctions
Iranian students stormed the embassy shortly after the 1979 Islamic Revolution, taking 52 Americans hostage for 444 days. "Mr. The Trump administration has worked to crush Tehran's oil exports to zero since May, when Mr.

"We did not witness any notable order push-outs for the iPhone XR after the initial week of its launch, which is the first time we can say that about a new phone release that took place in the fall", Zino added. Apple is widely considered to be Foxconn's biggest customer, but other stocks were hit worse.

With regards to the growing uncertainty caused by the US-China trade disputes, Tung said Pegatron, being a technology company with global deployments, does not see it necessary to relocate its production capacity completely out of China, noting that a 3% capacity relocation might be sufficient.

Pegatron XR production also isn't reaching maximum capacity, and Wistron, a smaller iPhone assembler, won't receive any orders for iPhone XR this holiday season.

UFC champ Cormier calls out Lesnar after historic win
Lewis spent most of the first round on his back, but started the second round connecting with some shots to Cormier's face. Cormier had a quick takedown in the first round and turned in a dominant yet boring effort to easily take the round.

In contrast, the iPhone XR's $750 starting price made it seem a relative bargain. Foxconn production of the iPhone XR is said to be down as much as a quarter from the original goal. And then there is the "affordable" iPhone XR that starts at Rs 76,900 for base model, and goes all the way up to Rs 91,900.

While Apple had great expectations for the iPhone XR, it's now ordering more iPhone 8 and 8 Plus models from its partners.

Earlier the company planned for the production of 20 million units for the older iPhone models, and now the figure raised to 25 million units.

Brent Taylor, mayor of North Ogden, Utah, killed in Afghanistan insider attack
Another U.S. service member is being treated for wounds sustained in the attack, American military officials said. At the time, he told local media he would serve as an adviser to an Afghan commando battalion.

Latest News