According to Rosenblatt Securities, Apple will cut production of its older iPhone models in the third quarter, and the new iPhone production plan for 2019 will go on schedule. Apple did not specify which models will be reduced.
So far, the inventory of iPhone XS and iPhone XS Max has increased in the second quarter, and despite the launch of new phones in September, Apple has not cut production of these models. However, there is news that the iPhone XR sales are very bad, but there have been reports that the iPhone XR is the most popular smartphone in North America in March.
The securities company believes that the relationship between China and the United States is increasingly tight, so the iPhone will continue to lose market share. This view is similar to that of other analysts, as the iPhone’s sales in 2019 will decline, and Apple has lowered the production of the new iPhone in 2019.