Apple slashes one fifth of its new iPhone SE production

iPhone SE

The American tech giant is reportedly cutting down on its production budget shortly after launch. Apple is reportedly cutting its iPhone SE production in China by about 20 percent, less than two weeks after the new smartphone was first launched. According to media reports, the decision was made due to demand far lower than anticipated. The American technology giant has requested that its suppliers cut back on iPhone SE production, the new budget 5G smartphone retailing for $429. The reduction is by about 20 percent of the initial orders, reducing…

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