Apple Reducing Orders For iPhone 7 As “Sales Momentum Fading”: DigiTimes
by Tyler Durden
ZeroHedge.com
Dec 1, 2016
In a sign that investor enthusiasm about the Apple “rebound” may have been premature, Digitimes reports that Apple has begun to reduce orders for iPhone 7s as initial “sales momentum has started fading”, according to sources from Taiwan’s handset supply chain.
The Digitimes sources said that initial shipment momentum of the iPhone 7 was in part driven by strong demand for the jet black iPhone 7 models and in part by the mishap brought upon by Samsung Galaxy Note 7. However, demand for the iPhone 7 devices in China and other markets has scaled down significantly since their launch less than three months ago, the sources noted.
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