Apple’s new iPhone’s aren’t doing well since launched in the market and are less in demand. Analysts are modifying their predictions in this quarter and the next for overall shipments. Last week Japanese wireless carriers were reported to be considering cutting the price of iPhone XR, i.e., ₹ 70,975. NTT Docomo will be the first to announce the reduction in price. To improve the sales, Apple is offering subsidies so that iPhone XR can afford at low prices. Earlier iPhone XR 64GB was of JPY 36,000 (near about ₹ 22,500) when users opted contract of on NTT Docomo for 24 months. After subsidies, the cost reduced to JPY 24,000 (i.e., roughly about ₹ 15,000).
9to5Mac first Spotted this change on the website of NTT Docomo and expected that all carriers in Japan would follow suit. According to the report of the Wall Street Journal last week, this drop in 24-month price contract is due to the reason low demand of iPhone XR in the market.
iPhone XR price cut scheme announced in Japan doesn’t mean that the price cut will be announced in other markets. Rather the company put some discount in price, and it only offers in those markets in which the company finds some benefit.
Due to low demand Rosenblatt state the production estimate for the new iPhone models from
90 to 95 million units to 88 million units for this holiday quarter. Recently for the current quarter, the production was 74 million units and 39 million for Q1 2019.