Apple Warns Suppliers That iPhone Demand Is Falling

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Apple Warns Suppliers That iPhone Demand Is Falling

http://money.cnn.com/2018/06/08/technology/apple-iphone-demand-falling/index.html

Apple may be worried that its next iPhones won't be as popular as its last.
The company told suppliers to to manufacture 20% fewer components for its upcoming iPhones, according to Nikkei. That could signal it expects waning enthusiasm for its flagship smartphone.

Apple's (AAPL) stock price fell as much as nearly 2% in Friday's trading, pulling the Nasdaq lower by 0.6%.

A year ago, Apple told suppliers to prepare for shipments of 100 million iPhone 8, iPhone 8 Plus and iPhone X devices. This year, Apple is taking a "cautious approach," telling suppliers to prepare for 80 million iPhones, Nikkei reported.



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Tags:
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Apple Warns Suppliers That iPhone Demand Is Falling