Apple, Suppliers Fall After Report of Lower iPhone 8 Orders
- Phone carriers see fewer upgrades to the latest iPhone models
- Analysts expect buyers are waiting for iPhone X in November
Why Apple Shares Are Seeing Worst Day Since August
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Shares of Apple Inc. and some of its suppliers fell on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X.
The Taipei-based Economic Daily News reported Thursday that Apple cut orders for its latest model, which went on sale last month, by more than 50 percent. The newspaper didn’t identify its source or elaborate on what sort of orders had been pulled, or how it arrived at that number. An Apple spokeswoman declined to comment.