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iPhone production slash in first quarter of 2017

Saturday, 31 December 2016

NEW YORK: Apple Inc will trim production of iPhones by about 10% in the January-March quarter of 2017.

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

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

An Apple spokeswoman declined to comment on the report.

Source by: Internet

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