Apple Falls on Nikkei Report That Sees iPhone Production Cut 30%
- Manufacturing levels should return to normal in April-June
- Analysts began predicting in December a 2016 sales slump
iPhone Production Cut: Is Apple in Trouble?
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Apple Inc. fell after Japan’s Nikkei Asian Review reported the U.S. company would reduce the output of its latest iPhones by about 30 percent in the first quarter of 2016.
Shares of the world’s most valuable company dropped 2.5 percent to $102.71 at Tuesday’s close in New York. They declined 4.6 percent in 2015.