Apple suppliers claim that, having enjoyed a surge in orders for the iPhone X in September and October, orders are now starting to decline.
According to sources in Apple’s supply chain, orders weakened in November, and are dropping even further this month. Shipments for Q1 are reportedly around 30 percent lower than previously forecast.
A number of Apple suppliers are reportedly suffering drops in revenue due to the decision. Largan Precision expects its December revenue to weaken, while chassis maker Catcher Technology suffered a a 10.4 percent drop on month in November, and touch panel supplier General Interface Solution (GIS) experienced a 15.53 percent drop on November revenue. GIS was supposedly expecting revenue to continue building into 2018.
Despite this, iPhone shipments are likely to be higher in the first quarter of 2018 than they were in the same period for 2017.
The news of shrinking orders from Apple comes at a time when iPhone suppliers have seemingly sorted out a number of the production issues which were affecting the iPhone X. According to a recent report by respected Apple analyst KGI Securities’ Ming-Chi Kuo, Foxconn is currently shipping 440,000 to 550,000 iPhone X units per day, representing an enormous increase on the 50,000 to 100,000 units being shipped each day just a couple months back.
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Source: Digitimes
