In Q1 2016, Apple is planning to cut the production of new iPhones by 30%. This measure is forced by the necessity to sell out the existing inventories first. Masterforex-V Academy reports that the news already made the company’s stock depreciate a little.
At the same time Nikkei Asian Review reports that Apple used to be planning to set the production of iPhone 6s and iPhone 6s Plus at the level of the preceding versions - iPhone 6 and iPhone 6 Plus. However, given the retail sales decline recently seen around the globe, the world-famous corporation decided to revise its decision and cut the production until the existing inventories are sold out.
As we have already mentioned, the news wasn’t welcomed by the market. Shortly after it, when NASDAQ opened, Apple’s stock depreciated by 2,5%. The same holds true for the companies shipping components for Apple’s phones, including Japan Display and Sharp, which lost 3,2% and 4,1% respectively. Pegatron, the company assembling iPhones, also got its stock depreciated by 5,6%.
