Monica U Santos Tech 01.02.2017 04:Jan AM EST

Apple To Decrease iPhone Production By 10 Percent In Early 2017

Apple is planning to slow down its iPhone production by about 10 percent in the first financial quarter of the year 2017. This is according to a new report posted this week, citing calculations made from supplier data collected by Nikkei.

Apple To Decrease iPhone Production By 10 Percent In Early 2017

As reported by the official supplier data collected by Nikkei, Apple will decrease the production of iPhone by 10 percent in early 2017, that is for the month of January to March. This Apple production cuts as the result of the sluggish iPhone sales in the previous quarter.

The Nikkei Asian Review used data from suppliers to compute this Apple iPhone production estimate. The report was released December 30 at 10:00 am Eastern Standard Time (2:00 AM Saturday Japan Standard Time), and Apple’s share price was down $1.03, or 0.88%, as of 2:19 PM EST.

According to TechTimes, this isn't the first time for Apple to slash production rates for its smartphone line. The company had done this strategy in the first quarter of 2016, after the inventory of the iPhone 6s line accumulated at the end of 2015. Apple attempted to prevent the same thing that is why they decided to cut-off productions.

The experience led the company to control Apple iPhone 7 production by about 20 percent this year, Nikkei said. Because of this, the production cuts are expected to be focused on the iPhone 7 and iPhone 7 Plus. Reuters has already reached out to an Apple spokesperson but wasn't able to get any comments as of now.

The Apple iPhone 8

Later in 2017, as mentioned by MacRumors, Apple will launch the next-generation iPhone, which is currently rumored to come in three different sizes. One of which will include a flexible OLED display with a bezel-free design that might be called as iPhone 8.

Rumors are still conflicting, however, with a report from Mac Otakara suggesting that next year's iPhone could be an iterative update on the design of the iPhone 7 with beefed up internals. Therefore, the two other iPhones to release later in 2017 might be iPhone 7S and iPhone 7S Plus.