Apple cuts iPhone18 Pro component orders amid sluggish demand- Nikkei

Apple reportedly cut October component orders for iPhone 18 Pro models by 15-20%, citing demand concerns. Higher prices, partly due to memory chip shortages, may be affecting consumer interest. AAPL shares fell 1.6% in premarket trading. Retail sentiment remains bearish, with traders expressing concerns about growth and innovation.

Apple (AAPL) has reduced production of iPhone 18 Pro components by 15-20% due to rising memory chip prices and weaker demand. Suppliers like TSM, QCOM, and AVGO are affected. AAPL is modestly overvalued, with a GF Value of $288.10 vs. current price of $340.42, and a GF Score of 95/100. Insiders sold $206.7M in shares over the past year.

Apple reportedly reduced component orders for the iPhone 18 Pro and Pro Max by 15% in October due to higher memory chip costs and reduced demand, according to Nikkei Asia.

Apple (AAPL) reportedly reduced component orders for the iPhone 18 Pro and Pro Max by 15% due to rising memory chip costs, according to Nikkei Asia. The company has informed suppliers about the production cut.

Apple has reportedly reduced production orders for the iPhone 18 Pro and Pro Max due to weaker-than-expected demand, according to Nikkei Asia. The company has instructed some suppliers to cut back on component production for the newly launched models. This decision could impact supplier revenues and Apple's own financial performance.

Apple plans to launch OLED touchscreen MacBook Pro models and an OLED iPad mini on or around October 27, according to Bloomberg. The event will also include an M6 14-inch MacBook Pro and an M6 iMac, following an earlier October 13 product launch.