Apple, Inc. (AAPL) Reportedly Cutting iPhone 8 Orders Investors are trying to piece together the complicated iPhone puzzle.
Apple Inc. (Nasdaq: AAPL) stock traded lower on Thursday after reports out of Taiwan claim the company has reduced its November and December iPhone 8 orders from suppliers by roughly 50 percent.
A report in Taiwan's Economic Times newspaper cites an unnamed supplier source claiming that Apple has cut its iPhone 8 demand in half.
While the report may seem alarming, a handful of Wall Street analysts have said the news, if true, may not be a crushing blow for Apple investors. The current iPhone cycle is far from the typical cycle.
In addition to the iPhone 8 and iPhone 8 Plus, Apple will be launching the 10-year anniversary iPhone X model on Nov. 3.
Apple does not officially update iPhone sales, but Rosenblatt Securities analyst Jun Zhang says iPhone 8 production cuts may be a sign Apple is anticipating robust iPhone X demand, which could be good news for average sales price and margins.
Post a Comment