Apple to cut iPhone production in Jan-March quarter: report
Apple Inc will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers.
Nikkei says Apple cutting iPhone production due to accumulated inventory
Apple Inc will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers.
The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper said.
Apple's shares fell 91 cents to $115.82 US on Nasdaq on Friday.
An Apple spokeswoman declined to comment on the report.