Apple Inc. Set to Slash iPhone 8 Production

Apple Inc. Set to Slash iPhone 8 Production

According to generally reliable KGI Securities analyst Ming-Chi Kuo (via MacRumors), Apple (NASDAQ: AAPL) is set to reduce the production of the iPhone 8, which first went up for sale on Sept. 22, by between 50% and 60% in the current quarter.

The production cut, Kuo says, is due to "fewer major selling points" and a "consumer preference for iPhone 8 Plus" given the mere $100 price difference between the iPhone 8 and the iPhone 8 Plus.

Apple marketing chief Phil Schiller. Image source: Apple.

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Source: Fool.com