Apple reportedly cuts 5G iPhone orders on fears of global recession

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This iPhone 12 concept borrows from Samsung.
Is Apple cutting back on its orders for the future iPhone 12? It appears so.
Image: ConceptsiPhone

Apple reportedly cut orders for its future 5G iPhones with Chinese component makers, fearing a slowdown in orders as a result of what many economists are already calling the beginnings of a global recession. 

Chinese daily technology newspaper Digitimes reported Friday some component suppliers have been told by Apple they will not need as many parts for new iPhones, expected to be released later this year. Other suppliers now say that they too expect a slowdown in orders from the iPhone-maker.