Apple is reportedly slashing iPhone X production in half

Official iPhone X release in Kyiv Ukraine

Apple is reportedly slashing iPhone X production in half

KGI Securities Analyst Ming-Chi Kuo, who is notable for having a track record of predicting Apple's iPhone developments, said in a research memo obtained by MacRumors that the company will likely be too busy launching three iPhone X-style phones to spend much time revamping the SE.

Despite the souring outlook for iPhone X sales, analysts expect that Apple will unveil a record profit of $19 billion when it reports its quarterly financial...

Today's news interestingly comes less than a week after it was reported that Apple plans to discontinue iPhone X entirely by the fall of this year.

Smartphone buyers are not all that impressed with the iPhone X. According to a new report released by Nikkei, Apple saw "slower-than-expected" sales in major markets like US, Europe and China during the holiday season.

So far, Apple has not commented on these reports, which isn't necessarily a surprise.

The iPhone X features facial recognition and wireless charging, but it is widely regarded as lacking in groundbreaking new technologies compared with previous models. All of that with a $1000 price tag seems to be proving tough to sell.

Several analysts have lowered their estimates for iPhone X shipments in the past few weeks, citing the high price of the device and other factors, with at least three downgrading their rating on the stock. More details on the iPhone X SE is that it won't be coming with the "L" shaped battery like the current iPhone X has and it will be an LCD display instead of an OLED display, not have the dual camera set up, and will apparently lose the 3D Touch technology. The iPhone X Plus is also expected to have up to a 25 per cent larger battery capacity of 3300-3400mAh.

Adding to the concerns, Verizon Communications said last week its postpaid device activations were lower than a year ago as people were keeping phones longer.

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