➤Apple shares fall after news of iPhone X production cut 🕹

The news that Apple will halve the production process of the iPhone X in the first three months of the year ended up reflecting in the actions of the North American company. The information came through the newspaper "Nikkei" on Monday (29), whose news revealed that only 20 million iPhone X units will be produced.

The low consumer demand for the iPhone X, which costs around US$ 999, has left many investors worried about the financial future of the manufacturer, which is expected to present the results of the first fiscal quarter next Thursday (01).

Apple shares fall after news of iPhone X production cut — iPhone X

Apple cuts iPhone X production in half due to low demand for the device
Next iPhone may have the return of the single camera on the back and the end of 3D Touch

According to Reuters, Apple's shares had a significant drop in 2018, down about 2%, that is, that means the removal of 14 billion dollars from the company's market value.

Launched in November in the United States, the iPhone X is a decade-long edition commemorating the launch of the first iPhone. But the low numbers in sales of the device, below what was expected for the end-of-year shopping season in Europe, the United States and China ended up leading the manufacturer to decide to brake the device's production process, stresses without citing sources, the Japanese newspaper.

Atlantic Equities analyst James Cordwell said "This is supposed to be the year of the supercycle and if Apple hasn't been able to drive substantial unit growth this year, then that makes you a little cautious about future iPhone cycles."

Previously, according to analysts at UBS, surveys show that 43% of surveyed respondents were interested in the iPhone X, now, this number has reduced, 37% of people are interested in buying the device.