IPhone 8 Sales Down, 50% Cut In Component Demand

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"Working together, GE and Apple are giving industrial companies access to powerful apps that help them tap into the predictive data and analytics of Predix right on their iPhone or iPad".

Beijing/Taipei - Suppliers to Apple fell after a newspaper report that orders for iPhone 8 models had been cut for the rest of the year amid a lukewarm reception. Reuters later noted that the rumor may have triggered a 1.5 percent drop in Apple's stock price in pre-market trading.

We've said from the beginning Apple could be facing a serious problem with the iPhone 8, 8 Plus, and iPhone X. As demand for the first two has failed to materialize, and with Apple X shipments still far below what the company will need to meet demand, Apple's decision to launch the iPhone X could whack its finances. Launch demand for the iPhone 8 may not have been weak, but also saw much shorter lineups at some stores.

A report out of Taiwan today claims that Apple is cutting its production orders for the iPhone 8 and iPhone 8 Plus by as much as 50 percent for the month of November and December. The iPhone X, which goes on sale November 8, features an all-new design with an edge-to-edge OLED screen and revolutionary facial recognition technology.

The first batch of iPhone X devices has already been shipped out from Foxconn Electronics' site in Zhengzhou (Henan, China), said the sources.

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Press Secretary Sarah Huckabee Sanders said later that Trump "wasn't criticizing predecessors, but stating a fact". Challenged on that point during a news conference, Trump said he had been told that Obama rarely made such calls.

As such, it's no wonder that the iPhone X with its significantly different design over previous iPhones is getting Apple fans all hot and bothered.

Shares of the Cupertino, Calif., company were down to $155.29 at 10:10 a.m.

Can the iPhone X Make Up the Slack?

While that might be the biggest selling point for the Apple iPhone X, it looks like it might be the thing dragging it down as well.

Vinh wrote in his research report that "many respondents indicated that a meaningful portion of customers is buying iPhone 7 in lieu of the new iPhone 8, given the lack of significant enhancements in the new phone".