Apple cuts current-quarter production plan for new iPhones by 10%: Nikkei

Apple Cuts First Quarter Production Plan for New iPhone Models by 10 Percent Report

While Apple's stock has suffered lately from a string of news that has disturbed investor confidence, Sculley said the public does not always get a glimpse at the "big" plans that a company's officers are discussing behind closed doors.

China is cited as the reason for weakening iPhone sales as that country's economy slows, which has been impacted by a trade war with the United States.

Unfortunately, it looks like even Apple isn't immune to market saturation and has taken a hit due to people choosing not to upgrade.

According to the new proposal, overall production for new and old iPhones would be reduced from 43 million units to 40 million for the March quarter.

The Nikkei Asian Review claims that reliying on sources in the production chain, this negative readjustment would affect all the iPhone models still on the market, including the new iPhone Xr, Xs and Xs Max.

Last week, Apple lowered its guidance on revenues after lower-than-expected iPhone revenue in the Greater China region, as per CNBC.

Batshuayi to leave Valencia 'in the coming hours or days'
Chelsea striker, Michy Batshuayi is set to return to Stamford Bridge this month after Valencia chose to cut his loan short. Michy Batshuayi is set to return to Chelsea - but it doesn't look as though he'll be sticking around at Stamford Bridge.

Samsung surprised the market on Tuesday with an estimated 29 percent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to "ease confusion" among investors already fretting about a global tech slowdown.

Foxconn, formerly known as Hon Hai Precision, is nearly as well known as Apple these days and is the rather infamous Taiwanese-based manufacturer of iPhones and other Apple-designed products.

As if this didn't make the new year troubling enough for Apple, the company also had to remove the iPhone 7 and the iPhone 8 out of German stores after Qualcomm posted $1.5B (€1.34B) in security bonds to enforce a court decision which imposed a preliminary injunction on the two phone models. Delphi Private Advisors LLC acquired a new position in Apple during the second quarter valued at approximately $120,000.

Among iPhone component suppliers in Asia, South Korea's LG Display Co Ltd was up 0.5 percent, while Japan Display Inc was flat. Apple's revenue for the quarter was up 19.6% compared to the same quarter past year.

Michael Grothaus writes about five ways to improve Apple services, a drum that Tim Cook has been beating for the past couple years.

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