Tech
Powered by cricketnext logo
»
1-min read

Apple to Cut iPhone Production in First Quarter of 2017

Apple had slashed output by 30 percent in January-March this year due to accumulated inventory.

Reuters

Updated:January 2, 2017, 7:52 AM IST
facebookTwittergoogleskypewhatsapp
Apple to Cut iPhone Production in First Quarter of 2017
The company had slashed output by 30 percent in January-March this year due to accumulated inventory. (Image: Siddharth Safaya/News18.com)

Apple Inc (AAPL.O) 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.

Read more: Coolpad Note 3S Review: A Pleasant-looking Phone That Ticks the Right Boxes

The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper said.

Read more: OnePlus 5 With Water Resistance to Launch Soon? Here's What to Expect

Apple's shares were down 0.84 percent in midday trading, in line with the Nasdaq stock index.

An Apple spokeswoman declined to comment on the report.

Don't miss: Lenovo K6 Note Review: Its Battery Life is the USP

 

Read full article
Next Story
facebookTwittergoogleskypewhatsapp

Live TV