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Apple to cut iPhone production in first quarter of 2017: report

Apple Inc will trim production of iPhones by about 10 per cent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers.

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The company had slashed output by 30 per cent in January-March this year due to accumulated inventory, the paper said.

Apple’s shares were down 0.84 per cent in midday trading, in line with the Nasdaq stock index.

courtesy : express tribune

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