Apple Is Cutting iPhone Production

According to Business Insider, Apple Inc has reduced planned production for its three new iPhone models by about 10 percent.
The Nikkei Asian review said the specified period for the 10% production cut will be January-March 2019.
China is the world's number one smartphone market. It's economy has been slowing down.
Many analysts and consumers have said the new iPhones are overpriced.
Apple asked its suppliers late last month to produce fewer-than-planned units of its XS, XS Max and XR models.