The slowdown will reduce the quantity of new iPhones being produced by 30% , according to the Nikkei story.
Both stories cited Asian parts suppliers, and seemed to confirm bearish predictions by industry analysts, who have pointed to market saturation in developed countries, increasing prices in many developing nations, and stagnant growth for Apple’s other mobile devices, iPad and Apple Watch. The company’s stock is off 13 percent over the past month.
Apple is dogged by supply chain chatter like this almost annually and CEO Tim Cook has cautioned against paying too much attention to it. “I’d recommend questioning the accuracy of any kind of rumor about build plans,” Cook during a 2013 earnings call. “I’d also stress that even if a particular data point were to be factual it would be impossible to interpret what it really means to our business. Our supply chain is very complex and we have multiple sources for our components. Yields can vary, supplier performance can vary. There’s just a long list of things that would make any single data point not a great proxy for what’s going on.”
Apple declined comment.
- Trump has named H.R. McMaster as his new National Security Adviser, replacing Michael Flynn, who resigned last week.
- Russian ambassador to the UN Vitaly Churkin has died after suffering from cardiac arrest this morning, a day before his 65th birthday.
- Senator Ron Wyden will soon introduce legislation requiring warrants before phones can be searched at the US border.
- A girl's best friend showed up to her date in a fake mustache to spy on her and it is the definition of friendship goals 😎
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