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Nikkei: Apple Will Continue Reduced Production Of iPhones

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Apple Inc. NASDAQ:AAPL, Avago Technologies Limited NASDAQ:AVGO - Nikkei: Apple Will Continue Reduced Production Of iPhones

Shares of Apple Inc. AAPL 2.01% and its suppliers are in the red after a Nikkei report said Apple is extending the iPhone production cut for another quarter.

Cuptertino, California-based Apple "will continue its reduced production of iPhones in the April-June period in light of sluggish sales," Nikkei said.

Nikkei reported that Apple cut production for the January-March quarter by approximately 30 percent from the year-earlier period. "With sales still sluggish, the U.S. company has...


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