Apple Inc. (AAPL) Plunges After Nikkei Reports iPhone Production Cuts Up To 30%

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January 5, 2016 1:57pm ETF BASIC NEWS

apple buzzTyler Durden:  Yesterday’s miraculous dip-buying in Apple Inc. (NASDAQ:AAPL) stock has been erased as yet another bourse raises concerns about iPhone production:


  • *APPLE MAY CUT IPHONE 6S, 6S PLUS PRODUCTION BY ~30%: NIKKEI
  • *APPLE SEEN CUTTING IPHONE 6S, 6S+ OUTPUT ~30% IN JAN-MAR:NIKKEI

The stock is down 2.5% on the news. Time to unleash more buybacks!

As Bloomberg reports,

Apple may cut iPhone 6s and 6s Plus production by ~30% in January-March quarter vs original plans, Nikkei reports without saying where it got the information.

AAPL initially told parts makers to keep production for quarter at same level as iPhone 6 and 6 Plus year earlier.

Production expected to return to normal levels in April-June quarter.

Nikkei says cos. likely to see drop in shipments include Japan Display, Sharp and LG Display, Sony, TDK, Alps Electric and Kyocera.

And AAPL is tumbling.

This article is brought to you courtesy of Tyler Durden From Zero Hedge.

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