Apple Plunges After Nikkei Reports iPhone Production Cuts Up To 30%
Yesterday's miraculous dip-buying in Apple stock has been erased as yet another wourse 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 moar buybacks!!
As Bloomberg reports,