Aapl Drops On Reports Of Continuing Iphone Production Cuts
As CNBC notes, Apple’s stock is seeing a noticeable afternoon dive following a supply chain report that iPhone production will remain reduced from April through June. Nikkei Asian Review issued the report earlier today: Apple issued guidance earlier this year to expect a slow down in iPhone sales during this quarter for a number of reasons. The latest supply chain report highlighting continued reduced iPhone production further suggests that sales in the following quarter may remain relatively underwhelming for Apple....