Apple reportedly lowered new iPhone component orders by 20 percent

Several supply chain sources say that Apple is taking a "cautious" approach to production of its new iPhone models, according to the Nikkei Asian Review. It has reportedly lowered orders of new component parts by 20 percent, compared to production of last year's models.

"Apple is quite conservative in terms of placing new orders for upcoming iPhones this year," one source said. "For the three new models specifically, the total planned capacity could be up to 20 percent fewer than last year's orders."

According to Apple soothsayer and KGI Securities analyst Ming Chi-Kuo, Apple will release three new models in the fall: an updated iPhone X, a larger, 6.5 inch iPhone X Plus, and a new, more conservatively priced model, that will have an LCD screen (instead of the iPhone X's OLED).  Read more...