"Apple" to stop production of the "iPhone XR" Apple has expressed concern that its sales in the fourth quarter of 2018 will not reflect Wall Street's expectations.

"Apple" to stop production of the "iPhone XR"

Dubai United Arab Emirates:- Apple Inc. has asked Foxconn and Pegatron, which are responsible for the manufacture of the iPhone XR, to stop production, after the low demand to buy, after the market, at the end of October 2018.

Apple has expressed concern that its sales in the fourth quarter of 2018 will not reflect Wall Street's expectations.

This comes after Apple revealed its market value, noting that it has recently surpassed the trillion dollar barrier to become the first company in the world up to 12 zero.

Therefore, Apple will stop disclosing its iPhone and iPad sales figures, arguing that "the number of units sold does not provide a correct picture of the company's financial results."

Five years ago, Apple cut production of the iPhone 5C, a month after it was released, to stop production.

Read 87 times Last modified on Wednesday, 07 November 2018 22:05
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