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Arm loses 3% on reports Apple plans iPhone production cuts

Discussion in 'Market News' started by Lily, Jan 6, 2016.

  1. Lily

    Lily Forum Member

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    Supplies to US technology group under pressure on talk of stocks building up

    Apple suppliers have come under pressure following a report the company may cut iPhone production sharply this quarter on weaker demand.

    Inventories were said to have built up since the launches of the iPhone 6s and 6s Plus in September, according to the report from Nikkei, prompting the cuts to allow dealers to sell their current stock.

    The Nikkei in Japan has reported that Apple may cut production of the iPhone 6s and 6s Plus by about 30% in the March quarter versus original plans. Apple had initially told suppliers to keep production flat with last year’s levels.

    Production is expected to return to normal levels by the June quarter. Such a cut to Apple’s shipment numbers will be negative for a number of companies in the semiconductor sector.

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