NASDAQ buyers don’t seem interested in this news.
Apple had misjudged demand for both the iPhone 12 Pro and the iPhone 12 mini but who cares and wall street analysts won’t just look in this direction.
The mildest estimate was that Apple will cut planned production by more than 70% for the six months through June.
The change in production plans poses a major challenge for Apple suppliers, who will be forced to quickly adjust their production utilization rates and labor resources, especially those that primarily supply parts for the iPhone 12 mini.
In addition, this iPhone seems to have an issue with its battery…
Total iPhone target for 2021 still at 230m units despite global parts shortage… Challenging, isn’t it?