https://sg.finance.yahoo.com/news/apple-cuts-production-orders-three-iphone-models-wsj-094545386--finance.html
No wonder Apple refuses to disclose its unit sales figures anymore. A 1/3 cut is very significant and it will impact its earnings. There is no way to continue to sell iPhones at higher prices because iPhones do not have an inelastic demand. Apple will definitely be impacted by the 1/3 cut.
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