IT

After lacklustre response, Apple pauses production of the iPhone XR

After lacklustre response, Apple pauses production of the iPhone XR

The iPhone XR - priced starting at $749 - is meant to replace the iPhone 8 introduced a year ago. With that, Apple shares extended losses to a second consecutive day.

Apple has told its top smartphone assemblers-Foxconn and Pegatron-"to halt plans for additional production lines dedicated to the new iPhone XR". According to a research note from analyst Jun Zhang (originally brought to light by Philip Elmer-DeWitt's Apple 3.0), there may have been some quality control issues involving the iPhone XR's printed circuit boards that led to a reduction in production output.

During a quarterly call with analysts Thursday, Apple executives said that the company will stop providing unit sales data for its three major hardware businesses as of the current quarter, which is Apple's first quarter of fiscal 2019.

The Nikkei's report comes days after Cupertino, California-based Apple warned that sales for the crucial holiday quarter would likely miss Wall Street expectations.

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Last year, Apple had to face one of the most controversial year endings when the infamous performance throttling feature was discovered to bog down older iPhones.

Apple's stock, which was down 0.5% in premarket trading on Tuesday, has dropped for five consecutive weeks, something that hasn't happened since 2012.

Meanwhile the iPhone 8 has profited significantly from the weakness of the iPhone XR.

Apple shares fell almost 4 per cent on Monday after the report from the Nikkei financial daily, which fuelled concerns that the iPhone XR - the cheapest of three iPhones unveiled in September - was facing weak demand just days after it hit shelves.

Trump Rallies Crowd in Pensacola Ahead of Election Day
The removals took place in late September and early October. "We have 100 Senators, 49 Democrats and I never see him", Trump said. Trump received the type of jobs report that any president would envy heading into the final days before the midterm elections.

Apple did not immediately respond to Reuters' request for comment.

Apple closed just above $200 amid a wider tech sell-off which has seen other FAANG stocks fall in recent weeks.

Broadly speaking, the original report regarding a drop in iPhone production illustrates why Apple understandably wants to keep iPhone sales close to its chest.

The other two models, especially the iPhone XS Max, had faced a lot of criticism initially for being the most expensive iPhones ever.

Driver likely intoxicated in crash that killed 4
The two-ton pickup slammed into the Scouts, visiting tragedy on the town of 14,000 before speeding off. Police said 21-year-old Colten Treu was driving a pick-up truck that left the road and hit the troop.


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