The company told suppliers to to manufacture 20% fewer components for its upcoming iPhones, according to Nikkei. A year ago, Apple told suppliers to prepare for shipments of 100 million iPhone 8, iPhone 8 Plus and iPhone X devices. This year, Apple is taking a "cautious approach," telling suppliers to prepare for 80 million iPhones, Nikkei reported. The higher-end models will have bright OLED displays, similar to the iPhone X. Apple shipped 52.2 million iPhones during the first three months of 2018, an increase of just 3% compared to the same period a year earlier.

Source: CNN June 08, 2018 12:22 UTC