Apple cuts iPhone mini orders with Pegatron while boosting iPhone orders for the iPhone 12 Pro Series with Foxconn
Pegatron has seen a slowdown in orders for the iPhone 12 mini as sales of the model in the US and Europe are affected negatively by the COVID-19 pandemic, according to a Digitimes report. The premise of sales affected by COVID-19 is absolutely ridiculous considering Apple's higher priced iPhone 12 and Pro models are in high demand during this same pandemic.
The "source" for the report stems from a Stanley Morgan note to clients by Katy Huberty that was made public yesterday. The report noted that Apple slashed iPhone 12 mini orders by 30%.
Who's to benefit from the cut in iPhone mini orders? Foxconn, according to a new Digitimes report. Their free snippet claims that the "Foxconn Technology Group (Hon Hai Precision Industry) is expected to see extra momentum in the first quarter of 2021 thanks to Apple increasing orders for the iPhone 12 Pro series. The rest of the report is behind a paywall.
A report by CIRP posted yesterday presented an iPhone shipment chart that actually illustrated that the iPhone 12 mini as having decent sales. However, several reports late in the quarter have suggested a surge in higher-end iPhones has taken place, something that a statistical chart frozen in time can't accurately convey.