Shares of Apple are down 1.65% to $157.12 in early trading on Thursday on reports that the company has cut orders linked to its new iPhone 8.
Apple has cut production orders linked to the iPhone 8 by more than 50% for the rest of the year, according to Bloomberg which cites the Economic Daily News, a Taipei-based publication. The reports do not specify details of the production cuts nor the source of the information.
