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