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Apple reportedly cuts orders for 2018 iPhone parts by 20%

According to a report published earlier today, Apple has cut orders to its suppliers by 20% for parts needed to build the upcoming crop of 2018 iPhone models to be unveiled later this year. Citing four sources, the reputable Nikkei Asian Review says that it appears that Apple will reduce its production capacity by 20% for the three rumored new models. Last year, Apple informed suppliers that it needed parts to build 100 million iPhone 8, iPhone 8 Plus and iPhone X units. With the rumored 20% cut in supply chain orders, it would appear that Apple is targeting production of 80 million phones …

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