Apple to ship 20% fewer new iPhones than expected this year


According to a report published earlier today, Apple has cut orders to its suppliers by 20% for parts needed to build the upcoming crop of 2018 iPhone models to be unveiled later this year. It was expected to sell 53 million iPhones. It says the iPhone, which has contributed to 86% of Apple's revenue growth over the past five years, will make up just 22% of the company's revenue growth over the next five.

Shares are up 11% this year.

Investors have been anxious for a while now that iPhone sales are flattening.

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In any case, Apple is said to be debuting three new all-screen iPhones this fall: an updated 5.8-inch iPhone X; a new 6.5-inch iPhone X Plus; and a new, cheaper 6.1-inch iPhone with Face ID.

It knocked 2 percent off Apple's shares and send stocks of its suppliers around the world as much as 6 percent lower, weighing on the USA and other stock markets.

The report does also point out that Apple was probably overly optimistic about the sales of its iPhone X when it placed orders a year ago.

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US-based supplier Advanced Micro Devices, Micron Technology Intel, Broadcom, and Qualcomm were all down between 1 per cent and 4 per cent.

"As the improvements made to the iPhone each year become increasingly marginal it may become more hard to convince consumers to pay up for the latest model when an older generation device is effectively just as good", said Atlantic Equities' Cordwell.

"I am not overly concerned. about the lower supply speculations". Dialog Semi is down 42 per cent in 2018 after Apple, its biggest customer, made a decision to scale back orders.

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