JL Warren Capital says consumers baulk at iPhone X’s “high price point and … lack of interesting innovations.” AFP / Elijah Nouvelage
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Shares in several of Apple Inc.'s Asian suppliers fell for a second straight day Tuesday, hurt by a report from Taiwan's Economic Daily and some analysts saying that iPhone X demand could come in below expectations in the first quarter. Apple will slash its sales forecast for the iPhone X in the quarter to 30 million units, the Taiwanese newspaper said Monday, citing unidentified sources – down from what it said was an initial plan of 50 million units.Apple has not publicly disclosed quarterly sales targets for the iPhone X, which went on sale in November.Falls for Foxconn, one of Apple's main suppliers formally known as Hon Hai Precision Industry Co Ltd, were milder and it has lost only 1.8 percent over the two days.
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