Apple Inc. is expected to cut 30% production of its recent iPhone models such as iPhone 6, 6S and 6 Plus in the first quarter due to its rising inventories. Production will be scaled back to allow dealers to exhaust their current stock. This Nikkei report brought forth a 2.5% drop in Apple shares. This drop is nerve-racking as the shares have lost around a quarter of their original value. (more…)
Our smartphones are wedded to us and are more important than even our wallets—over time they have evolved to become great personal assistants and productivity aids—in short they have become absolutely indispensable.