Apple is reportedly slashing iPhone X production in half

Apple (AAPL.O) shares fell as much as 2.6 percent after the Nikkei reported the company will halve the production target for its flagship iPhone X this quarter.

'This was supposed to be the supercycle year and if Apple hasn't been able to drive substantial unit growth this year, then that makes you little cautious on future iPhone cycles, ' Atlantic Equities analyst James Cordwell said. These batteries in both the iPhones are likely to be in a L-shaped design, which can yield up to 10 per cent additional capacity compared to the existing iPhone X. Toni Sacconaghi of Bernstein said his analysis suggests total iPhone unit sales for the March quarter could come in at a range of 51 million to 57 million units-well below the 61 million units Wall Street is now targeting. The handset, which doesn't yet have a name, will have the same True Depth sensors for Face ID and Animoji as the iPhone X, and it will also lack a home button.

The allegations follow famous Apple analyst Ming-Chi Kuo's evaluation, who just last week said the once-highly anticipated iPhone X will be "end of life" by Summer 2018, citing a purported decrease of interest in China. The 2018 iPhone X will come with a 2800mAh battery, versus the 2715mAh from past year.

According to market tracker Counterpoint Research, the Rs 30,000-plus smartphone segment grew 20% in 2017 over the previous calendar year, led by OnePlus, Apple and Samsung. It will start slowing production soon.

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According to Kuo, the second-generation iPhone X and a larger 6.5-inch iPhone X Plus will have an increased 4GB of RAM.

The speculation is that the 6.1 inch phone will essentially be a scaled down iPhone X. However, its screen will not be an OLED, but rather an LCD. Presumably, Apple would continue to offer the 4.7-inch iPhone 8, but that would feature older components.

"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", Zhang wrote. Apple is due to report results on Thursday. Instead of using a steel frame, Apple would switch to an aluminum chassis for the LCD iPhone.

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