Iphone 6S

Apple to Scale back production of iPhone 6, 6S and 6Plus

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…)