image: AP Photo/Marcio Jose Sanchez

Apple shares fall 2% after report says it’s warning suppliers about a sharp drop in parts orders

June 8, 2018


Apple shares fell 2 percent in U.S. premarket trading on Friday, after a report said the firm told its supply chain to make 20 percent fewer parts for iPhones in the second half of 2018.

The Nikkei newspaper, citing unnamed industry sources, reported that Apple was placing less orders as it is taking a “cautious” approach toward upcoming iPhone shipments this year.

The company is reportedly set to launch three new iPhone models in the latter half of 2018, which is when it usually presents new phones.

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