The Apple iPhone7 and AirPods are displayed during an Apple media event in San Francisco
The Apple iPhone7 and AirPods are displayed during an Apple media event in San Francisco, California, U.S. September 7, 2016.  Beck Diefenbach — Reuters

Apple Is About to Cut Production of the iPhone

Dec 30, 2016

Apple Inc 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.

Apple's shares were down 0.85 percent in midday trading.

The company did not immediately respond to requests for comment.

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