Apple is cutting iPhone production by 10% between January and March, according to the Nikkei Asian Review.

It is reportedly the second time in two months that Apple has trimmed production plans.

The revelation comes just a week after Apple shook global markets with its first earnings warning in nearly 17 years.

Apple is cutting its production plan for new iPhones by about 10% between January and March, the Nikkei Asian Review reported on Wednesday.

The company late last month asked its suppliers to produce fewer of its new iPhones than planned in the first quarter of 2019, Nikkei said, citing sources with knowledge of the request.

It said the planned production volume for new and old iPhones, including the XS Max, XS, and XR, will fall to between 40 million and 43 million units.

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