Apple Reduce Production Of iPhone 6S,6S Plus By 30 Per Cent

Due to some mounting inventories, the Apple Inc is likely to cut production of its latest iPhone models  by about 30 per cent  in the month of January-March quarter

The report says a 2.5 per cent drop in Apple shares, which have lost about a quarter of their value from record highs in April, reflecting worries over slowing shipments.

On Wednesday, Shares in the mainly Asian makers of the iPhones’ screens and chips were little lower.

Source: The Hindu