Apple's iPhone 8 Production Reportedly Cut In Half

More people are buying Apple iPhone 7 than iPhone 8 – here's why

Described as overpriced and lacking new features retailers and carriers in Australia who were banking on increased demand for the new iPhone 8, have now cut back their second and third quarter revenue forecasts.

A recent report by KeyBanc Capital Analyst John Vinh said Apple's older iPhone 7 models are outselling the iPhone 8 ahead of the early November debut of the premium iPhone X.

We heard previously that sales of the iPhone 8 Plus was selling more handsets that Apple had expected, so it is hard to know exactly what is happening with sales of Apple's new iPhones.

Apple is reportedly having supplier issues with the new parts required for the iPhone X. The company is having trouble sourcing the Glass panels, Bloomberg reports.

Predix is an IoT operating system that GE introduced past year, similar in function to a phone or laptop operating system but able to manage much higher volumes of data ("hyperscale") from multiple sources, securely.

The lowered orders mean shipments of iPhone 8 models could come in at just 5-million to 6-million per month in November and December, the newspaper reported without elaborating.

General Motors to Pay Michigan Nearly $4 Million Following Settlement
That can cause a loss of electrical systems, including power steering and power brakes. CT served on the multistate investigation's nine-state executive committee.

A picture paints a thousand words, or so the maxim goes, but in the case of the iPhone X its paints an ugly picture of Apple's previous smartphones. The reports do not specify details of the production cuts nor the source of the information.

One week prior to iPhone X pre-orders, a new report citing sources within Apple's supply chain claim that yield rates for some iPhone X components have improved and become stable enough to predict that Apple will be able to handle 2017's iPhone X demand.

Shares of Apple were down more than 2 percent midmorning Thursday, at around $155 a share.

Can the iPhone X Make Up the Slack? Some suggest it's due to the fact that many customers are simply waiting for the iPhone X to arrive.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. "(But) this is the early innings of what we believe is the biggest iPhone product cycle with X leading the way".

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