As the holidays approach, Apple's suppliers are not happy. 。
The company slashed production of all three of its new iPhone models — the XR, XS, and XS Max — according to a report from the 。 Wall Street Journal 。. The XR has reportedly taken the biggest hit: Apple reduced production orders for the XR twice over the past two months.。
SEE ALSO:Apple products are pricier than ever. Why that’s bad news for its future. 。This has reportedly caused frustration and an understandable amount of stress along Apple's China-based supply chain. Foxconn has cut the customary pre-holiday season overtime hours, leaving workers without an expected pay boost. Three of Apple's largest suppliers reduced quarterly profit estimates, which they attributed to a "large client" cutting orders. 。
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The new iPhones are Apple's most expensive yet, with its "affordable" XR still coming in at at least $749, and its most premium XS Max reaching up to $1,449. That makes a new iPhone quite an expensive stocking stuffer. 。 The 。The 。
Journal 。
Besides, have you seen its fun colors?
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