FIRST AIRED: January 10, 2019

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Transcript

00:00:00
>>
APPLAUSE
>> The race to get a new iPhone, triumph for the first in the que in the world's largest smart phone market. But signs of a slowdown in that race have emerged this month when Apple warned of waning demand in China, and now a new report says it is cutting production.
00:00:18
That's according to the Nikkei Asian review which quotes sources are saying, Apple asks suppliers last month to produce fewer units of it's XS, XS Max and XR models. In all Apple is to cut first quarter production for it's three new iPhones by 10%, it says the reason, high iPhone prices, cheaper competition, say analysts and consumers.
00:00:42
>> I don't see a link between the economic slowdown in China and the weakening of the iPhone sales. That's due to overpricing, if the price can be lowered with the same quality, more people will consider the iPhone.>> Local brands perform well here, they are good quality and are at a good price.
00:01:01
>> Apple's warning triggered a global sell-off in stocks last week, though it's not the only one in the firing line. Samsung this week flagged weak chip demand and LG warned of an 80% drop Q4 profits, partly on losses in its smartphone business. Market research firm analysts estimate Apple's iPhones shipments fell 12% in China last year and expects a further 3% dip this year to below 400 million units for the first time since 2014.
00:01:29
Posing some tough choices for Apple Chief Tim Cook, one of them he said this week to build up a focus on India which recently over took the US as the world's number two smart phone market.