Friday, 30 December 2016

Apple (AAPL) to Cut iPhone Production 10% in Q1 2017

Apple (NASDAQ: AAPL) is expected to cut iPhone production 10% in Q1 2017, Nikkei reports citing calculations based on data from suppliers.

This would be the second year in a row for cuts. In last year's first quarter, the company cut production due to excess inventory of the iPhone 6s at the end of 2015.

This coming quarter data suggests production cuts in both the iPhone 7 and 7 Plus. While the iPhone 7 Plus is popular with customers, a shortage of camera sensors has impacted the company's ability to meet demand, the report said.

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