Amidst news that the iPhone 7 is still far outselling the new iPhone 8 series, Apple’s stock has fallen 2.4 percent. This is in conjunction with reports out of Taiwan that, according to the NY Post, Apple has “slashed orders for the iPhone 8 and 8 Plus by nearly 50 percent for the rest of the year.” [emphasis ours]
This isn’t terribly surprising, given the horrid marketing and timing of the iPhone 8. With the iPhone 8 only barely better than its predecessor, and another, better phone on the way soon after, the iPhone 8 was doomed to fail from the very beginning. iPhone 7 is still $150 cheaper than the iPhone 8, as well.
According to Taiwan’s Economic Daily News, “Apple has never cut production of an iPhone so early in the cycle.”
via NY Post