Zhitong Financial APP learned that foreign media reported that the assembly order of iPhone 13 mini will be significantly lower than that of iPhone 12 mini, mainly because the latter's sales are lower than expected after its launch. In March, the media reported that sales of the iPhone 12 mini were not satisfactory, and Apple slashed its order for this model. At the end of last month, a research institute said that AAPL.US (AAPL) had suspended production of the iPhone 12 mini in the second quarter to control inventory because of poor sales.
Orders for iPhone 13 mini are significantly lower than those of the previous generation, which means that the revenue of contract manufacturers will also be affected. Foreign media reported that iPhone 13 mini will be assembled entirely by Pegatron, but they will also assemble 32% of iPhone 13. If the latter's orders increase, it will offset the decline in iPhone 13 mini orders.