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Apple to trim iPhone production by 10 per cent by 2017
REUTERS
Published : Dec 31, 2016, 9:26 am IST
Updated : Dec 31, 2016, 9:26 am IST
The company had slashed output by 30 per cent in January-March this year due to accumulated inventory, the paper said.
Apple's shares were down 0.84 per cent in midday trading, in line with the Nasdaq stock index.
Apple Inc will trim production of iPhones by about 10 per cent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers.
The company had slashed output by 30 per cent in January-March this year due to accumulated inventory, the paper said. Apple's shares were down 0.84 per cent in midday trading, in line with the Nasdaq stock index. An Apple spokeswoman declined to comment on the report.
