Foxconn reduces overtime as iPhone holiday sales fall 5% to 10% under expectations?
Rakers predicts that Apple will sell 74.7 million iPhone units in the current quarter, which includes the important holiday shopping season. That would be a small increase over the record 74.5 million that Apple sold in the same quarter last year. The company earned an incredible $18 billion during the three month period last year, the most any company has ever raked in over a single quarter.
Part of the reason for the big fiscal first quarter last year was the increase in the size of the Apple iPhone 6 screen to 4.7-inches from the 4-inches on the Apple iPhone 5s and Apple iPhone 5c. Apple added a 5.5-inch Apple iPhone 6 Plus. While the screen sizes of the Apple iPhone 6s and Apple iPhone 6s Plus remain the same, Apple added 3D Touch. This feature allows the phone to differentiate between a light, regular, and heavy tap on the screen. Apple also upgraded the rear camera on its new models to 12MP, and to 5MP on the front-facing camera.