Apple has cut its Q4 production plans for the iPhone by 40% instead of the traditional 10% sequential production drops in Q4, according to Friedman Billings Ramsey analyst Craig Berger. Berger is quick to pinpoint that this drop in production plans is a "negative global demand" signal:
That the firm’s iPhone production plans are being revised lower suggests that the global macroecomomic weakness is impacting even high-end consumers, those that are more likely to buy Apple’s expensive gadgets, and that no market segment will be spared in this global downturn. This is a negative signal for global demand, in our view.
[via Silicon Alley Insider]