Apple sees a massive loss with the production of iPhone 8 being reduced to half. The stock slipped 2.4% on Thursday after the Taiwan news reported a reduction in the iPhone 8 production for November and December.
The iPhone 8 features best processor and camera than any of the older iPhones, but it’s similarity in design with the iPhone 7 is turning out to be a concern for Apple.
iPhone 7 being a favorite for many apple users, and it’s lesser price is causing a direct impact on iPhone 8 sales. Another big reason is the iPhone X which is expected to go on sale on Nov 8. People are in ‘wait and see’ mode, to check out iPhone X after it’s release, and then decide on iPhone 8.
This is a big loss for apple as iPhone 8 sales reduced to half, and iPhone X is yet to be launched, which is impacting the overall sale of Apple products.
A 50% reduction in production so early after the launch of an iPhone is first time in history for apple.