Apple rumoured to cut iPhone production
Apple is rumoured to be cutting the production of its iPhone, despite the fact that the company has sold around 7 million of its smartphone during the last quarter
FBR Capital Markets analyst Craig Berger is sited in ChannelWeb that Apple may cut its production of iPhones by more than 40% in 4Q (down from its 3Q production). This in turn is seen as a sign for a weqakening in the consumer electronics market. The newssite also cited a second analyst, UBS analyst Maynard Um, whoc echoed the same result. Indications are that Apple will ship between 4 million and 5 million iPhones in 4Q.
Image Source: Apple
Image Source: Apple
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