Apple shares drop on iPhone 8 demand worries
Apple has cut orders for iPhone 8 models by about 50 percent for November and December
October 19, 2017
Apple Inc’s shares fell 1.5 percent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus.
The company has cut orders for both models by about 50 percent for November and December, Taiwan-based Economic Daily News reported, citing a supply chain official.
Apple could not be immediately reached for comment.
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