That rare forecast cut exposed weakening iPhone demand in China, the world’s biggest smartphone market, where a slowing economy has also been buffeted by a trade war with the United States. Apple asked its suppliers late last month to produce fewer-than-planned units of its XS, XS Max and XR models, the Nikkei reported, citing sources with knowledge of the request. Apple expected to remove 3D touch from new iPhonesThe request was made before Apple announced its forecast cut, the Nikkei said. Apple’s iPhone suppliers include Taiwanese assemblers Hon Hai Precision Industry(Foxconn) and Pegatron. There was little reaction to the report among shares of major Apple suppliers, as the market has already digested production cuts after the iPhone maker’s forecast cut, analysts said.

Source: The Express Tribune January 09, 2019 05:37 UTC