A new report from Economic Daily News suggests that Apple’s newly released iPhone 8 and 8 Plus have been doing terrible among consumers. Apple shares dropped 1.5% during Thursday’s pre-market session following the report. The report also says that Apple slashed the production orders for November and December for iPhone 8 and 8 Plus.
It’s interesting to see this claim since the iPhone 8 and iPhone 8 Plus launched last months, and are two of the best smartphones on the market right now. Unfortunately though, the design of the two phones seems outdated from 2014 and it’s pretty obvious.
The report cites an unnamed supply chain official, and while the claim cannot be verified, Economic Daily News does have a solid track record for reporting on supply chain news. The cuts in production aren’t minor, mind you. Apple is cutting orders by about 50%, which is staggering.
With the iPhone X launch just two weeks away, there could be a new plan in motion that Apple is putting into play. Despite having a starting price of $1,000, many consumers may be waiting to get their hands on Apple’s new revolutionary offering and not purchasing the iPhone 8. This shouldn’t really come as a surprise, but many are eager for new technology in the iPhone X. Preorders for the iPhone X start next Friday, and will be released a week later on November 3rd.