Apple dips after reports it’s telling suppliers to cut iPhone X production targets in the first 3 months of the year (AAPL)
|01/29/2018||Posted by BusinessMediaguide.Com under General World News||
- Apple‘s stock slid on Monday morning on news that it plans to reduce its production targets for the iPhone X in the first three months of the year.
- A UBS analyst believes that the production slowdown will not halt the company’s earnings growth due to the success of its other product lines and windfalls from the tax reform law.
- Apple expects to release its first-quarter 2018 earnings on Thursday, Feb. 1.
- View Apple’s stock price in real time here.