Apple Cuts iPhone 8 Production By 50% As iPhone X Launch Nears

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Apple Cuts iPhone 8 Production By 50% As iPhone X Launch Nears
Image Source: Apple.com (screenshot)

It’s no secret that users aren’t going crazy for the iPhone 8 and 8 Plus. In fact, many buyers see the iPhone 8 launch as an opportunity to buy the last year’s iPhone 7 at a lower price. A recent carrier store survey revealed that the iPhone 7, now priced at $549, was selling much better than the iPhone 8 in the US and the UK. Apple has little reason to maintain the iPhone 8 production at current levels. A Chinese daily claims that Apple has asked its Asian suppliers to cut the iPhone 8 production by as much as 50%.

iPhone 8 production reduced due to ‘anemic’ sales

Citing an unnamed source, the Economic Daily News claims that the iPhone 8 production cut would go into effect early next month, soon after the launch of the iPhone X on November 3rd. Apple shares plunged 1.5% in pre-market trading as investors expressed concerns over the ‘anemic‘ iPhone 8 sales. If the report turns out to be true, it would be the soonest that an iPhone production has been slashed so dramatically. The iPhone 8 and