Apple shares drop on iPhone 8 demand worries

19 Oct, 2017 4:02 pm

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.

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