Sales and projections of the latest iPhone is much lower than projected . Apple stock fell over $4 in the stock market today.
There is no alternative product to replace the lost projected revenue so layoffs are highly likely to keep absurd profits high and bonuses in place for the Executive leadership team.
See here
https://www.bloomberg.com/news/articles/2017-12-25/analysts-cut-iphone-x-shipment-forecasts-citing-lukewarm-demand
@1sdb very well said. this was also my personal experience with this fragile prissy device.
It broke the same day is was purchased. thank god i had purchased the replacement insurance
The problem with the iPhone X is that Apple has created an electronic Faberge Egg. It costs too much to buy, is too easy to crack and expensive to replace. My daughter bought one a few hours ago. Why bother to have a super thin, lightweight phone when you have to pack it into a half inch thick Otter Box and, even then, pray it doesn’t break.
Many sources confirm lots of talks in the Cupertino mothership about needed layoffs