Apple will reportedly manufacture 10% fewer iPhones this quarter

Last week, Apple‘s CEO, Tim Cook, sent a letter to the investors stating that the company expected to lose $9 billion in revenue in the first quarter of 2019. Now, according to a report from Nikkei Asian Review, the Cupertino-based company is cutting down productions for new iPhones by 10 percent for the current quarter. The report stated that Apple asked its suppliers to reduce production for its flagship models last month – before it issued the earnings warning. That’s in addition to a similar move reported by The Wall Street Journal in November – making the recent development Apple’s second production…

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BY Ivan Mehta