- Apple is decreasing production of the iPhone X for the first quarter of 2018.
- Credit Suisse analysts said production for the quarter was lowered to 19 million devices.
- Analysts predicted in December that shipments of the phone would drop.
Apple is cutting orders for the iPhone X from its factories in China, according to an analyst note from Credit Suisse and a DigiTimes report, both published Wednesday.
Credit Suisse analysts said iPhone X production for electronics manufacturing services for January to March was lowered to 19 million devices, and the production forecast for device manufacturing was lowered to 25 million from 31 million.
DigiTimes too reported that iPhone orders were down, though it also reported that orders for the new iPhone 8 and the iPhone 8 Plus had declined in the fourth quarter of last year.
Credit Suisse, however, said that “planned production of over 60 million units in Jan-Mar is higher than that of the iPhone 6 in Jan-Mar 2015.” That means Apple is still producing more iPhones than it did two years ago.
The latest reports of iPhone X production cuts follow analyst reports in December predicting a dip in iPhone X shipments in the first quarter of this year.
One analyst, Zhang Bin of Sinolink Securities, said “after the first wave of demand has been fulfilled, the market now worries that the high price of the iPhone X may weaken demand in the first quarter.”
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