According to Kuo, though iPhone sales will remain weak throughout the first of 2019, Apple will see the sales number improving in the September quarter.
Apple Chief Executive Tim Cook disclosed the plan on Tuesday after the company reported the first-ever dip in iPhone sales during the key holiday shopping period.
The scale of the cuts is not necessarily deeper than previous years, it is simply significantly earlier, the report said, citing an industry source familiar with the situation.
The iPhone maker also intends to introduce new camera features, WSJ reported, citing people familiar with the matter.
The U.S. chipmaker posted bonds of 1.34 billion euros ($1.52 billion) as part of a legal requirement by a German court, which found on Dec. 20 that Apple had infringed Qualcomm patents on power-saving technology used in smartphones.
Apple will carry out the software updates at the start of next week "to address any possible concern about our compliance with the order", the firm said in a statement sent to Reuters.
The iPhone manufacturer also plans to set up new sites in Seattle, San Diego and Culver City, California as well as expand existing operations in Pittsburgh, New York and Boulder, Colorado over the next three years.
The deep job cuts come as Japan debates whether to bring in more foreign workers amid a national labour shortage, and they illustrate how such employment is often at the mercy of manufacturers' production cycles, the report said.
Since the first iPhones a decade ago, Apple has used Dialog power management chips to help its devices manage battery life. Under the deal, Apple is buying patents, a team of about 300 engineers, most of whom already worked on chips for Apple devices, and Dialog offices in Britain, Italy and Germany.
The legal challenge claimed Google had bypassed privacy settings on the iPhones between August 2011 and February 2012 to scoop up data for advertisers.
While Apple publishes a broad list of suppliers each year, it does not disclose which companies make which components and insists its suppliers keep quiet
While the flagship phone iPhone XS will come at prices starting $999 (Rs 99,900 in India), the larger iPhone XS Max will come at a starting price of $1,099 (Rs 109,900 in India)
Apple has remained mum about revelations planned for the event at its spaceship campus in Silicon Valley, but the timing fits its pattern of annually introducing iPhone updates.
Apple took almost 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years.
Analysts believe Apple plans to release three new smartphones this year, including one with a larger display than previous models
Apple's event invitation made heavy use of the colour gold, fuelling speculation on social media that the company plans to launch a gold-coloured successor to the iPhone X, which was made available only in silver and grey last year.
A large percentage of iPhone’s competitors are coming out with flagship phones which are dual-SIM phones, including Huawei, OnePlus and Samsung
Apple is set to launch three iPhones this year- a follow up to the iPhone X, a premium 6.5-inch variant of the iPhone X, as well as a cheaper 6.1-inch iPhone with LCD display.
Chinese manufacturers have set right the perception that they are competitive only in the lower rungs of the value chain.
eSIM modules are soldered onto the circuit board, thereby rendering a dedicated SIM card tray obsolete.
Apple has reportedly reduced the production of iPhone SE and iPhone X models from 20 million units to eight million units and is focusing on the new iPhones expected to launch in September.
The noted tech analyst has provided some key insights about the new iPhone models to be launched this September with bigger batteries and USB-C type fast charging port.
Launching later this year, the line-up will consist of three variants - a 5.8-inch iPhone X successor, a 6.1-inch LCD variant, and a mammoth 6.5-inch iPhone X Plus
Rivals Samsung and Apple have not worked with each other for the past three years, however both the technology giants have achieve their individual pinnacles of innovation.