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