Another market research firm has downgraded production estimates for Apple's latest trio on smartphones on the iPhone.
Citi Research downgrades sales forecast for iPhone XS Max, Apple's top model, by 48%, reports Reuters. Overall, the company expects Apple to produce 45 million iPhones in the first quarter of 2019, down from the 50 million projected earlier this year.
"Reduced material in our predictions is driven by our view that the iPhone 2018 is entering a depot phase, which is not good for the supply chain," writes analyst William Young in a note for clients.
The iPhone XS Max is Apple's most expensive iPhone model. In Canada it starts 1519 dollars.
Last November, Taiwan DigiTimes released a report stating that Apple ordered a second hibernation of iPhone production after the previous one in mid-November.
The weak demand for Apple's three new iPhones is fine with the company's supply chain, which has struck Foxconn, the company that collects most of the iPhone, which is the hardest. As of November 21, Foxconn was planning to cut 10 percent of its non-technical staff as a direct result of iPhone's sluggish demand.