Apple Inc is cutting planned production for its three new iPhone models by about 10 percent for the March quarter, the Nikkei Asian Review reported on Wednesday, a week after the company slashed its quarterly sales forecast.
That rare step exposed weakening demand in China for Apple’s iPhones amid a slowing economy, which has also been buffeted by a bruising trade war with the United States.
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“Apple cuts first-quarter production plan for new iPhones by 10 percent: Nikkei” – http://www.reuters.com/article/us-apple-iphone/apple-cuts-first-quarter-production-plan-for-new-iphones-by-10-percent-nikkei-idUSKCN1P304H
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