Published: Thu, November 08, 2018
Hi-Tech | By Wayne Curry

Apple drops below $1 trillion, clobbering shares of China suppliers

Apple drops below $1 trillion, clobbering shares of China suppliers

Apple's Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR.

Interestingly, the iPhone 8 and iPhone 8 Plus have had orders increase by more than 5 million units.

The report noted that Apple's directive translates to about 100,000 fewer iPhone XRs being made each day. And if you liked smaller devices, the iPhone XR is actually the second-worst Apple phone to replace your old phone with - the iPhone XS is narrower, at 2.8 inches versus 2.98. Apple is widely considered to be Foxconn's biggest customer, but other stocks were hit worse. However, the Taiwanese manufacturer has utilised just 45 production lines so far. The XR model borrows its looks from the iPhone X and features an all-screen glass and aluminum design with a 6.1-inch Liquid Retina LCD display.

"The utilization for the XR production is not reaching its maximum capacity now", the source said.

Tom Curry ruled out of England's entire autumn global series
Gloucester number eight Ben Morgan has not been considered for the second Autumn International due to injury. He said: "We know they're going to have an ideal preparation for the game; they'll be up for the game".

Apple shares fell almost 4 percent after a report signaled that its new, lower-priced iPhone XR might not be selling as well as expected. However, the update also brought the Performance Management for the battery to iPhone 8, iPhone 8 Plus and the iPhone X. The feature is enabled by default and will start throttling performance as soon as it detects a drop in consistency from the power reserve.

Apple closed just above $200 amid a wider tech sell-off which has seen other FAANG stocks fall in recent weeks.

The site compared the average monthly after-tax wages of residents in the largest cities in 61 countries to the local cost of the base iPhone XS, XS Max, and XR to come up with how many work days it would take someone in each region to afford one. "The moves to add orders for year-old iPhone models while suspending extra production for the latest product illustrates Apple's lack of innovation and inability to energize consumers with such a pricing strategy".

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