Was the IPhone X just cancelled by Apple? - What are the plans from here?

Dear Steemit Friends,

I want to start off by saying that I love Apple products. They are consistently some of the best-designed pieces of hardware and have a brand that everyone recognizes. I am however not one of those hardcore fanatics that must have every Apple product, especially the IPhone X at its current price point. I have purchased every high-end version of the IPhone to date except the IPhone X. There are plenty of manufacturers like Samsung, who have phones that can do the same thing at a more reasonable price.

It was recently leaked that Apple may do an unprecedented move and cancel production of its flagship phone, the IPhone X earlier than usual and before the release of its next set of phones due to disappointing sales and lower than expected demand. Whether this is true or not, it comes as a surprise since this is a move Apple has never done before, especially with no product available to replace it.

The leak comes from Ming-Chi Kuo, who is a trusted source of information as his information is rarely incorrect or far from the facts. Sales for the IPhone X were higher than those of the IPhone 8 Plus, but less than the IPhone 8. It is predicted that production will cease on the IPhone X as early as this summer.

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Phones as of late, have been offered with larger screen sizes, which most people have been accustomed to and with the IPhone 8 lacking in that arena due to the notch, which reduces the overall screen size. It was said that this is the primary reason for the poor adoption rate and lack of sales - especially in China.

Even though the IPhone X is out, Apple has plans to release 3 new phones this year. There will be a dry spell from when the IPhone X stops production to when the new phones are released, but if you can't wait, I'm sure many retailers will still have the phone in stock - Afterall, they aren't flying off the shelves.

The three new iPhone X-inspired designs are as follows according to an article from Forbes:

a second generation 5.8-inch iPhone X, 6.5-inch iPhone X Plus and a “$650-750” 6.1-inch iPhone SE replacement which will be fitted with Face ID. Apple hopes it will be the latter two that once again excite consumers

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I imagine if the price remains where it is, most consumers will again be turned off. This is even more evident given that reports indicate that some features will be removed from the cheaper SE version of the phone. The IPhone X SE is rumored to have a lower resolution than the more expensive versions as well as continuing to use an LCD vs the shift to OLED, which the other phones will utilize. The biggest change will be removing 3D touch, which most IPhone users have become accustomed to.

With Sales and demand for Apple products continuously diminishing, tough times are ahead for Apple. Cancellation of the IPhone X production may be a good move, but I don't think it will help any, or increase the demand for their upcoming line of phones. I think the company needs to get back to a place where they are innovative and creative to bring something unique to the market which is already over-saturated.

What are your thoughts? Are you surprised by the announcement and do you think they will actually stop production?
Let me know your thoughts in the comments section below and If you do have any questions, inputs, or feedback, please also share those with me. I would also appreciate support in the form of Upvoting, Following, and Re-steeming my post if you found it informative.