Apple’s shares are taking a little hit this afternoon following a report that sluggish iPhone sales are leading Apple to continue cutting production of its smartphone during the current quarter. During the January-March period, Apple produced 30% fewer iPhones when compared to the same quarter a year earlier.
Apple has already informed its parts suppliers that it is continuing to cut production of the iPhone in the current quarter. Slow sales of the Apple iPhone 6s and Apple iPhone 6s Plus are the reason why Apple has taken an axe to its production schedule. And Apple does not plan to manufacture … – Source
Report: Sluggish sales lead Apple to continue slashing iPhone production in the current quarter
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