Apple has already launched their flagship smartphones for the year 2019. This year, Apple went ahead and launched three new smartphones and the iPhone XR was supposed to be the company’s most affordable, and consequently the better selling phone.
iPhone XR production toned down
It is easy to presume that the cheaper variant is going to attract more sales, however, that does not seem to be the case with iPhone XR. Recent reports suggest that Apple has asked its assembly unit firms Foxconn and Pegatron to lower the production of iPhone XR. A source from Foxconn claims to be using only 45 assembly line out of the 60 lines instituted for XR’s production. That implies that Foxconn will be making 100,000 fewer devices per day moving forward.
Pegatron has also received instructions from Apple to curb the plans of bumping the production of iPhone XR for now. Apple has also asked its smaller iPhone assembler Wistron to stand by for rush orders in case the situation tends to change. On the other hand, things seem to be working in favor of iPhone 8 and 8 Plus for which Apple has ordered an excess of 5 million units.
Effect of the news on the Stock Market
This news has also affected the stock prices of Pegatron which saw a 4% dip and the rival Foxconn also witnessed a 2.5% drop in share value. Apple also had to face the wrath of this situation and faced a decline of 4% in shares.
The iPhone XR has a 6.1-inch IPS LCD liquid retina display as opposed to the Super AMOLED display(2436 x 1125) on the iPhone XS and XS Max. Instead of 3D touch, iPhone XR has haptic touch. It uses the same 7nm A12 Bionic chip found on the other two phones. iPhone XR starts at $749 which is $250 dollars lower than it’s next frugal option.