Japan Display will reduce the production of displays for the iPhone XR

The Japanese manufacturer Japan Display is forced to reduce production plans by about a third due to the low demand for iPhone XR smartphones. This is a bad sign for the company, because in a series of annual losses, cooperation with Apple was perceived almost as the last saving straw that could, if not lift a company from its knees, then at least give it a new breath of fresh air.
It became known that all Japan Display plants will not work on the New Year holidays, which is about 10 days. Not surprisingly, the Japanese manufacturer in the reports reduced the expected growth in sales to 5-15 percent and operating profit.