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Apple Shares Drop On iPhone 8 Demand Worries

Apple Inc's shares fell 1.5 per cent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus.
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There are growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus
There are growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus
Apple Inc's shares fell 1.5 per cent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus.

The company has cut orders for both models by about 50 per cent for November and December, Taiwan-based Economic Daily News reported, citing a supply chain official.

Apple could not be immediately reached for comment.

© Thomson Reuters 2017



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