Apple Cuts iPhone 17 Production 15% as Demand Plateaus After Record Start

Apple has reportedly cut iPhone 17 production by 15% as demand stabilizes after a record start. Supply-chain reports say the company initially faced an “explosive” surge but is now scaling back because demand has plateaued and factories have caught up. The article states that the iPhone 17 was the best-selling smartphone globally in Q1 2026, capturing 6% of worldwide unit sales, with the iPhone 17 Pro Max and Pro taking second and third place. Apple is still expected to anticipate strong sales through the second half of the year, including Q3 and Q4. Looking ahead, it also references a foldable iPhone planned for September 2026 and preparations for the iPhone 18 lineup in fall 2027, including variable aperture camera lenses on the iPhone 18 Pro.