Apple said to cut orders for 2018 models, increase orders for iPhone 8/8 Plus and others
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According to StreetAccount, a couple of securities firms are fine-tuning their thoughts on what is going on currently with the Apple iPhone. Longbow Research has apparently conducted a check of Apple's iPhone supply chain and concludes that Apple is cutting its orders by 20% to 30% for the iPhone XS Max and iPhone XR. On the other hand, Longbow says that Apple is increasing orders for the iPhone 8, iPhone 8 Plus and some other older models.
Additionally, Reuters is reporting today that Apple's major supplier for the technology used in Face ID, a company called Lumentum, has cut its forecasts for revenue and profits. The company said that it received reduced orders from a major tech firm that is one of its largest customers for 3D sensing components. Analysts said that this could only refer to Apple.
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