Apple has told Foxconn and Pegatron to halt plans for additional production lines dedicated to iPhone Xr, the Nikkei reports, citing unidentified people familiar with the matter.
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Apple shares tumbled on Friday amid concerns that growth in its powerhouse product, the iPhone, is slowing.
On the same day the world’s largest company issues its biggest disappointment in years, US President Donald Trump, does an about-face on China.
Apple’s decision to stop reporting how many iPhones it sells landed with a thud. Many analysts complained it was an attempt to hide the pain of a stagnant smartphone market.
Samsung Electronics has posted quarterly profit that topped analyst estimates on growth in its memory chip business, but signalled caution in semiconductors by announcing a cut in capital spending for the year.
Apple is giving its iPad the most extensive upgrade since 2015, the latest effort to revive a product that has suffered falling sales in recent years.
Apple has overhauled two of its oldest Macs after sales of the company’s personal computers fell to the lowest point since 2010 last quarter.
Apple is about to give two product lines much-needed upgrades after the gadgets slipped into the towering shadow of the iPhone.
Qualcomm says its fight with Apple over how much the chip maker can charge for essential patented technology used in iPhones and iPads is getting pricey.
Samsung Electronics is overhauling its line-up of premium phones for next year, preparing to launch its first 5G-capable smartphone, a cheaper flagship model and a foldable-screen device to challenge Apple.