Susquehanna analyst Mehdi Hosseini said the firm's meetings last week in Taiwan and Korea suggest that Apple now appears to be planning to build and ship a total of about 100M iPhone 8 devices in the second half of the year, which is below prior expectations of 110M-115M. Contacts could not give a concrete reason for the change, though Hosseini speculates it has more to do with the increasing bill of materials, or content cost, of the device than anything else, he tells investors. The analyst added that he would not rule out Apple to narrowing build plans as a strategy to manage its procurement of components.

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link