Apple shares drop on iPhone 8 demand worries

CALIFORNIA (Reuters) - Apple Inc’s shares fell 1.5 percent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus.

The company has cut orders for both models by about 50 percent for November and December, Taiwan-based Economic Daily News reported, citing a supply chain official.

Apple could not be immediately reached for comment.