Analyst says Taiwan media is mistaken; rumored iPhone production cuts are for 8/8 Plus
Apple iPhone X, and that Taiwan's media is a bit confused. According to Zhang, the production cut being referred to in these reports is actually for the Apple iPhone 8 and Apple iPhone 8 Plus. He says that production for the iPhone X is actually scheduled to ramp up this month. Zhang adds that there are no iPhone X production cuts coming during the March quarter and stresses that Rosenblatt sees no cuts in orders for AMOLED panels and 3D sensing components.
According to Zhang, iPhone X sales have been stable in North America, and have been growing in China over the last two weeks. The analyst points out that by his firm's count, iPhone X sales have topped those of the iPhone 8 and iPhone 8 Plus combined.
This morning in NASDAQ trading, Apple's shares have dropped nearly 3% to $170. The rumors about the production cuts came out on Christmas Day, and with the market closed yesterday for the holiday, this morning provided investors with the first opportunity to sell their Apple stock.