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Apple To Cut First Quarter iPhone Production 10%–Source

On the heels of a cut in earnings expectation for the final quarter of last year and comments by CEO Tim Cook about sales challenges in China, Apple has hit another hurdle. The Nikkei Asian Review reports that Apple has cut iPhone production plans by 10% for the quarter that stretches from January to March.

Reporting from Taipei, the editors wrote, “Apple is cutting its current production plan for new iPhones by about 10% for the next three months in a sign that the U.S. smartphone maker is expecting a further hit this year, just a week after its market-shaking revelation that it would miss revenue forecasts at the end of 2018.”

Among the de…
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