Why is it reducing production of iPhone X even though it is the latest iPhone?

Asked on 31-01-2018 by Swati Garg
Answered by NewsBytes
Apple is looking to cut down its production for the iPhone X due to weak demand. Initially, Apple's plan was to produce 40 million handsets of iPhone X in the first quarter of 2018, whereas, now it is planning only 20 million. The main reason behind the weak demand has been the $999 price tag of the iPhone.
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