“Apple has cut its Q4 iPhone production plans significantly more than originally estimated, according to Friedman Billings Ramsey analyst Craig Berger,” Dan Frommer reports for Silicon Alley Insider.
“Instead of a 10% sequential production drop in Q4, Berger’s ‘recent checks’ suggest Apple’s iPhone production could fall “more than 40%” from its Q3 levels. Berger thinks a similar cut was made for Q1, but notes that there’s still plenty of time to change that,” Frommer reports.
“What does this mean? A significant production cut isn’t necessarily a direct reflection of significantly slowing iPhone demand,” Frommer reports.
Full article here.