Apple warns suppliers that iPhone demand is falling - report

Apple may be worried that its next iPhones won't be as popular as its last. The company told suppliers to to manufacture 20% fewer components for its upcoming iPhones, according to Nikkei. That could signal it expects waning enthusiasm for its flagship smartphone. Apple's (AAPL) stock price fell as much as nearly 2% in Friday's trading, pulling the Nasdaq lower by 0.6%.
Read more: http://money.cnn.com/2018/06/08/technology/apple-iphone-demand-falling/index.html?source=Snapzu