Apple Said to Be Cutting Back on iPhone Orders for Q4 Due to Economy Worries

[Maura]

9to5 Mac reports today on a story from Digitimes that says that Apple is intending to cut back on its iPhone orders for Q4, due to the recent economic turmoil. According to the report, Apple has started to cut back on parts and component orders for Q4, to guard against a possible negative impact from the current economic uncertainty. This, as 9to5 Mac notes, is a swift change around from the situation that was reported in another recent story from Digitimes, which said that Apple had just increased its iPhone orders to 56 million for Q3 and Q4, but it seems that a lot has happened to the economy in the past couple of weeks, and with such uncertainty around, Apple may be going for the cautious option and protecting itself from the result of any longer term financial crisis. Of course this news also comes at the time when Apple is planning to launch the iPhone 5, possibly on October 7, so it will be interesting to see if there’s a shortage of iPhones leading up to the end of the year if Apple really is cutting back on production.

Source: Digitimes: Apple scaling down Q4 iPhone orders due to global economic concerns | 9to5Mac | Apple Intelligence