After the hit trillion dollars ... free fall for Apple

It seems that the $ 1 trillion "blow" to the US technology giant Apple has come from the past, after the new iPhone XR has become the new indicator of the beginning of the fall of the US company.
According to a report by major Japanese companies, the demand for the iPhone XR was less than expected, prompting Apple to ask its manufacturers to stop the additional lines for the production of the phone, which reached the market at the end of October.

According to the report, Apple asked both Foxconn and Pegatron to stop the extra lines for the production of the iPhone XR, and asked the company, which collects iPhone phones, not to accelerate the pace of collection of phones.

According to sources in the production lines, Foxconn has prepared 60 production lines for the iPhone XR, but only 45 have been used, according to Apple's request, which it said would not need to manufacture larger quantities at present.

Last week, Apple warned that its fourth-quarter sales, which coincide with the holiday season, may not meet Wall Street's expectations, according to Mashable.

Apple has also decided to stop disclosing its sales figures for iPhone and iPad devices, arguing that the number of units sold does not provide a correct picture of the company's financial results.

Source : https://www.todaynewstoday.us/2018/11/after-hit-trillion-dollars-free-fall.html