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.
