Apple hires former Samsung VP in attempt to jumpstart business in Korea

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Code named "Jaguar", the LCD model is positioned as a successor to the iPhone 8, and will likely attract users to upgrade from their iPhone 6 and iPhone 6s, the report added.

iPhone-maker Apple has hired Brandon Yoon, a former Samsung vice-president, to lead its operations in South Korea, reports Bloomberg's Mark Gurman.

From 2010 until 2016, most of the iPhones released in even years have included a number in the name, like iPhone 4, iPhone 5, and iPhone 6. However, the survey makes it appear that interest in the iPhone X is dwindling. Although the South Korean tech giant could end up gaining by doing so. More recently, the Korea Herald reported that Apple could face penalties in Korea over pushing iPhone marketing costs on to telecom partners in the country.

Now, this might come as a shock to many but it comes from analysts like KGI Securities' Ming-Chi Kuo who has a clear track record when it comes to all things related to Apple.

It is widely believed that Apple will come out three new iPhone models in 2018- two iPhone X variants and a lower-priced, mid-range iPhone model.

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"The iPhone X is dead", Campling stated in the leaked investor note.

The stockpiling problem has left a lot of Apple suppliers with declining profits and revenues, due to the plummeting smartphone demand.

Speculation about Apple cutting back its orders for iPhone devices and related components has been fueled by revelations by more Taiwan-based suppliers that their orders from the USA client for its smartphones have been reduced or delayed, according to industry sources.

The 2018 iPhone X range of phones are to feature Apple's state-of-the-art A12 chip, the first mobile processor to be built using a 7nm process.