Apple will trim production of iPhones by about 10 percent 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 percent in January-March 2016 due to accumulated inventory, the paper said.
Apple's shares were down 0.84 percent in midday trading, in line with the Nasdaq stock index.
An Apple spokeswoman declined to comment on the report.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Ghana’s railway sector has been revived under my leadership – Akufo-Addo
14 mins -
Next government must enforce C190 – Women Economic Dialogue Forum
19 mins -
NCCE engages party youth activists at Nandom on peaceful election
20 mins -
SSNIT engages stakeholders on its operations
23 mins -
Defilement: 19-year-old farmer jailed ten years, with hard labour
24 mins -
Bawumia to inaugurate new headquarters of Lands Commission on November 25
26 mins -
Sylvester Tetteh denies demolishing GBC staff bungalow
30 mins -
Signing of peace pact by presidential candidates slated for November 28
39 mins -
Akufo-Addo reiterates commitment to free and fair elections
41 mins -
Climate change impact poses threat to Ghana’s financial stability – BoG Governor
44 mins -
Ursula Owusu-Ekuful assures of leading NPP to victory in Ablekuma West
47 mins -
Akufo-Addo urges armed forces to maintain neutrality, professionalism
54 mins -
Driver jailed 15 years for robbery
58 mins -
Election 2024: Bawumia is a timely asset for NPP and Ghana – Freddie Blay
1 hour -
Livestream: Newsfile discusses Ghana’s 2025 AFCON fiasco, Dumsor scare
1 hour