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/2hClWTv
Apple’s shares were down 0.85 percent in midday trading.
The company did not immediately respond to requests for comment.
(This version of the story was refiled to fix date to Dec 30 from Dec 31)
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)
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