A report from Nikkei on Tuesday said that Apple is expected to cut iPhone 6S and 6S Plus production by 30% in the first quarter of 2016, with the publication citing excess inventories of the models. As such, Apple will scale back the production of the two iPhones in the January-March 2016 quarter to enable the dealers to finish off with their existing stock.
Advertisement
The move, claim the sources, is due to sales of the iPhone 6s and iPhone 6s Plus struggling to match expectations after both handsets enjoyed a record-breaking launch.
The Nikkei Asian Review attributed the high iPhone inventories in part to appreciation of the USA dollar relative to other global currencies. “Customers saw little improvement in performance over the previous generation, while dollar appreciation led to sharp price hikes in emerging markets”.
The removal of the 3.5mm jack from the iPhone 7 may not be the only big change that Apple makes with its new phone, says today’s tipster.
Apple just broke $100 per share for the first time since August.
Similarly, Apple’s financial results for the fourth quarter of 2015, released at the end of October, indicate that the iPhone juggernaut continues to enjoy considerable momentum.
More signs of a slowdown in demand for iPhones.
Advertisement
Additionally, shares in the supply companies affected by this substantial drop in orders have also been adversely affected.
