However, Apple did indicate that it's a feature that will be part of all future iPhones, which has brought last year's gleaming iPhone models to suffer from the same wrath. If that's true, we could easily see a new round of price hikes next year - Apple isn't going to stop milking the revenue train until it sees a net profit decline, and its decision to stop reporting unit sales means analysts won't be able to track whether the company is trading total sales for higher profits. And ultimately, after Apple's continued considerable success, I'm not willing to bet that the company got its customer read wrong this soon after the iPhone's triple launch. However, it is now using only around 45 lines and does not require any additional production capacity.
"For the Foxconn side, it first prepared almost 60 assembly lines for Apple's XR model, but recently uses only around 45 production lines as its top customer said it does not need to manufacture that many by now", a source told the Japanese financial paper.
Pegatron apparently faces a similar situation, suspending plans to ramp up production of the iPhone XR and simply awaiting further instructions from Apple at this time. The math makes sense, as they are up to 20% cheaper than the iPhone XR's starting price of $749.
Iran Sanctions Kick in Monday
WTI barrels are now testing the 62.60 region, playing to the downside in early trading after the US' Friday announcement of Iran sanction oil-buying waivers.
Apple shares fell almost 4 percent after a report signaled that its new, lower-priced iPhone XR might not be selling as well as expected. According to the report, demand is still strong for those models and Apple not expects to produce 25 million iPhone 8 and iPhone 8 Plus units during the fourth quarter.
A smaller third assembler, Wistron, originally tapped to be on standby for rush demands, will also reportedly not receive rush orders this season.
Apple shares dipped as much as 4.5 per cent to hit an intraday low of $198.17 in early deals, from the previous close of $207.48. The publication notes that Apple had previously planned 20 million units for the older iPhone models this quarter, but raised the figure to 25 million units.