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Shares of Apple and suppliers hit by report of cut in iPhone production

Tech giant will slash output by 30% in Jan-March quarter to clear inventory pile-up, says report
Thursday, January 7, 2016 - 05:50

Taipei

APPLE Inc is expected to cut production of its latest iPhone models by about 30 per cent in the January-March quarter due to mounting inventories, the Nikkei reported, rattling the nerves of investors in the US giant's Asian suppliers.

As inventories of the iPhone 6s and 6s