There’s a good reason why Apple executives over the past few years have warned us not to pay attention to mysterious supply chain rumors regarding iPhone production cuts: they’re often dead-wrong. Over the past few weeks, we’ve seen a number of reports claiming that iPhone XR sales have been underwhelming. In fact, many of these reports have relayed that iPhone XR demand is so low that Apple was recently forced to scale back production.
In the process, investors have become quite bearish on Apple shares, not to mention the future prospects of the company. In just a matter of a few weeks, Apple’s stock price went from trading at around $231 a share all the way down to about $172 a share. But as it turns out, it appears that all of the doom and gloom stories surrounding Apple’s fall from grace have been way off the mark. Of course, for anyone who has followed Apple over the years can attest, this scenario seems to play out consistently each and every single year.
BGR Top Deals:
- Holy cow, this 8-quart Instant Pot is cheaper today than it was on Black Friday
- Amazon’s secret Sonos sale is still on, and still better than Sonos’ official Black Friday deals
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- Two more fan-favorites survived ‘Infinity War’ and one may hold the key to defeating Thanos
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Sorry, haters: Apple says the iPhone XR is the company’s top-selling iPhone model originally appeared on BGR.com on Wed, 28 Nov 2018 at 16:51:07 EDT. Please see our terms for use of feeds.
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