Together with the latest reports from the supply chain that Apple cuts production orders on the iPhone XS, XS Max and XR, it gives a lot of feed to Apple doomsayers. But there may be more news than just a decline in sales. After all, world-wide smartphone sales have shrunk for two consecutive years after years of unbroken growth, mainly due to the fact that people are spending their expensive phones anymore. Apple also recently said that it will no longer give iPhone sales figures, which gives more concerns from investors.
In particular, the same WSJ reports that Apple starts the production of last year's iPhone X in some markets. The move is "partially provided" to Apple's contractual requirement with Samsung Display for OLED monitors. Again it is unclear where the handset comes for sale. However, you can remember that iPhone X was too early as an overpriced failure, just for Apple to reveal record revenue and profits later, thanks to its higher price.