Apple Drastically Cut Its iPhone Orders For Next Quarter: Apple either woefully overestimated the demand for iPhones this quarter or sales are beginning to fall because of stiff competition: Whatever the reason, the news that Apple will be cutting iPhone orders from suppliers spurred a 4% drop in Apple stock on Friday.
Jefferies analyst Peter Misek says iPhone orders were dropped to 25-30 million for the March quarter, down from the 35-40 million range, according to Forbes.
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