Apple to cut iPhone production in Jan-March quarter - Nikkei | Reuters

 Apple to cut iPhone production in Jan-March quarter - Nikkei
| Reuters

Apple Inc (AAPL.O) will trim production of iPhones by about 10 percent in the January-March quarter, the Nikkei financial daily reported, citing calculations based on data from suppliers.The company slashed output by 30 percent in the January-March quarter this year due to accumulated inventory, the Nikkei reported. s.nikkei.com/2hClWTvApple's shares were down 0.85 percent in midday trading.

The company did not immediately respond to requests for comment.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)

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Updated Date: Dec 30, 2016 23:30:06 IST