Apple cancels output boost for iPhone XR

Apple cancels output boost for iPhone XR

And then there is the "affordable" iPhone XR that starts at Rs 76,900 for base model, and goes all the way up to Rs 91,900.

Apple had initially informed Foxconn to set up almost 60 assembly lines for the iPhone XR.

Monday's fall came after Apple told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the iPhone XR which hit shelves in October, Reuters reported citing a Nikkei report.

However, to enhance the company's global deployment, Tung said that Pegatron is studying the feasibility of producing in the Southeast Asia region and will make some adjustments if necessary. As a result, Foxconn will build 100,000 fewer units every single day than would have happened under Apple's original order. The XR model borrows its looks from the iPhone X and features an all-screen glass and aluminum design with a 6.1-inch Liquid Retina LCD display. Reportedly, Apple has instructed three separate suppliers to either reduce or completely eliminate production expectations for the new device.

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Throwing some cold water on that idea is a new report from Nikkei which claims that Apple is reducing iPhone XR production due to lower than anticipated demand.

Other iPhone manufacturers face similar issues. Apple has ordered around 5 million more units of iPhone 8 and iPhone 8 Plus from suppliers, raising the total order to 25 million units this quarter, said the Nikkei report. Apple's array of color options were also expected to give consumers more of the choice they wanted.

On a related note, Apple's recent earnings call noted that overall sales for the holiday season would likely be lower than expected. Apple is also said to have revised planned units for older iPhone models for this quarter from 20 million to 25 million.

The analyst predicts the company's Services business, which includes its App Store, Apple Music, and Apple Pay offerings, will grow 20% annually and rise more than $50 billion in sales by fiscal 2020.

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