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I think this comes as a shock to no one. Apple shares have dipped 1.5% after a report showed that Apple has cut down on their November and December production orders of the IPhone 8 and 8 Plus. The phones were launched last month. The design is the most uninspired aspect of the phone only differing from the 2014 counterpart with a glass back. The newly designed iPhone X will be released in just two weeks and it seems that normal iPhone users are either waiting for that device or have ditched Apple in favor of the many Android flagships that have been released in the past few months.
The production cuts are pretty major. The report suggest that Apple is cutting production by an unprecedented 50%. I guess we will find out if Apple can recover when the iPhone X releases on November 3rd.
via BGR