Earlier this month, Forbes contributor Ewan Spence reported that Apple was cutting the production of the iPhone 6S and iPhone 6S Plus by 30% for the next three months. It is believed that Apple cut its inventory due to excess supply caused by higher exchange rates, making the devices more expensive in emerging markets. However, industry insiders are suggesting Apple is ramping up to release a smaller version of the iPhone — which would resonate with consumers that were resistant to the increase in size.

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