NDTV Profit

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.
EMAIL
COMMENTS
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

For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ Gold Prices Set For Sharpest Weekly Drop Since December

Advertisement

GAINERS / LOSERS

Advertisement