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The report says Apple informed its primary suppliers - Foxconn and Pegatron - to halt plans for additional production lines for the iPhone XR. Weakened demand for smartphones globally might not hurt Apple's revenue too much, but suppliers could feel the strain.

Apple's Asian suppliers tanked on Tuesday, one day after a report about the iPhone XR sent Apple's stock down further after its market cap last week tumbled below $1 trillion. "The utilization for the XR production is not reaching its maximum capacity now", another source said. It may not have the OLED display with 3D Touch and dual rear cameras, but Apple did ensure that the iPhone XR comes with the latest chipset, and Face ID feature, among other improvements.


Taiwanese assembler Pegatron Corp fell almost 4 per cent and rival Hon Hai Precision Industry Co Ltd (Foxconn) fell 2.5 per cent. Apple is widely considered the biggest customer for Foxconn.

A demonstration of the newly released Apple iPhone XR is seen following the product launch event at the Steve Jobs Theater in Cupertino, California, US September 12, 2018.


Apple did not immediately respond to a Fortune request for comment on the report. The XR model borrows its looks from the iPhone X and features an all-screen glass and aluminum design with a 6.1-inch Liquid Retina LCD display. The strong quarter, however, was driven by the older models, iPhone 8 and iPhone X.

On Apple's post-earnings call last week, Chief Executive Tim Cook said he had very little sales data for the iPhone XR, but the other two models had got off to a "really great start". Apple is widely considered the biggest customer for Foxconn. As a result, Apple has reportedly cancelled the production boost that it was likely to give after the smartphone hit the shelves.


Of course, given how new the iPhone XR is, along with the fact that Apple recently made a decision to withhold its quarterly iPhone sales figures, we may never actually know how well or how poorly an iPhone model is selling again.

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