Apple to make 20% fewer new model iPhones this year: Nikkei

The new iPhone X is seen in the Apple Store Union Square on November 3, 2017, in San Francisco, California. Apple's flagship iPhone X hits stores around the world as the company predicts bumper sales despite the handset's eye-watering price tag, and celebrates a surge in profits. / AFP PHOTO / Elijah Nouvelage

Apple Inc expects to ship 80 million new model iPhones this year, down 20% from what it had planned at the same time last year, Japanese financial daily Nikkei reported, citing industry sources.

The California-based firm has asked suppliers to make about 20% fewer components for the three new iPhones it plans to launch in the second half of 2018, compared to last year's plans for its iPhone X and iPhone 8 models, the paper reported.