Apple Stock Drops on Report iPhone Production Hike Scrapped, Chip Stocks Hit Too
Shares of Apple and its key suppliers fell Wednesday on a report that said the tech giant was scrapping plans to increase production of its latest iPhones this year due to weaker-than-expected demand. Apple (ticker: AAPL) stock was down 3.9% in premarket trading and shares in some of the company’s U.S. suppliers also were under … Read more