Bearish
Apple's iPhone 18 Pro orders cut by 15% amid soft demand, reports Nikkei Asia.
Apple has reportedly instructed suppliers to reduce component orders for the iPhone 18 Pro and iPhone 18 Pro Max by 15% in October, indicating weaker-than-expected demand for its latest flagship devices. This adjustment follows a previous price increase of $100 for the iPhone 18 Pro, aimed at offsetting rising memory chip costs.
Key points
- Apple cuts iPhone 18 Pro orders by 15% due to soft demand.
- Apple's stock price remains near record levels despite order reductions.
- Analysts maintain a 'Moderate Buy' rating on Apple with an average price target of $338.80.
Sources
AI-generated from public news sources. Not financial advice.
