Apple shares slide after report of production cut
- 7 years ago
Shares of Apple declined Friday after a report that said the company could slash production of the iPhone by 10 percent in the first quarter of 2017. According to The Nikkei Asian Review, the iPhone 7 has sold more "more sluggishly than expected." Apple usually produces the most iPhones in the fourth quarter, it's busiest time of the year for sales. CEO Tim Cook also told CNBC last week that it was a "great holiday" for the company. Who do you believe?