The drop follows lower-than-expected holiday sales for the premium iPhone.
Those analyses were corroborated this morning in a fresh report from the well-connected Nikkei Asian Review, which most notably tells us of Apple's latest decision to slash iPhone X production by a whopping 50 percent during the fiscal first quarter - cutting its targets from 40 million units in the to around 20 million.
"The strategy is to increase sales from Apple brand stores in the country and stop indiscriminate online discounting which distorts brand image", added the person. With all the problems that have hounded the company in relation to the performance of its older iPhone models, there have also been talks that the tech giant will cease production of its current flagship model, the iPhone X. The report cites the phone's $1,000 price tag for why it has failed to catch on. It will start slowing production soon.
Fitness app Strava's heatmap reveals locations of secret military bases
The heatmap also appears to highlight RAF Mount Pleasant in the Falkland Islands and a base used by French soliders in Niger. Strava said in a statement to CNN that the company is "committed to helping people better understand" its privacy settings.
Mueller team interviewed Facebook staff in Russia probe
Still, it's worth emphasizing that this is not something Trump decided against; instead, it's a reality he's been forced into. Raddatz pressed Starr on whether the president's firing the special counsel would show " corrupt intent ".
Ross Barkley set to start in FA Cup as Chelsea injuries mount
It is heartbreaking news for Alvaro Morata as his best friend died in a vehicle crash earlier this week, The Daily Mail reports. Conte admitted after the Carabao Cup defeat to Arsenal on Wednesday: "The club decide our transfer market".
Additionally, the decision is expected to affect suppliers including Sony, Kyocera, and TDK, who provide Apple with advanced camera sensors, additional circuitry, and batteries for iPhone X. The iPhone X may have been the best-selling smartphone of the Christmas quarter, but sales momentum was apparently lost after that.
But Apple likely performed strongly in the October-December quarter, given that the iPhone X did not launch until November. The shares sank $3.11 to $168.40 in Monday's late afternoon trading, translating into a almost $60 billion loss in the company's market value since the stock last peaked.
Kuo's analysis seems to be heavily based on Apple's rollout of the iPhone 8, 8 Plus and X in 2017. The quarterly results will be announced Thursday, U.S. time.