Apple to cut back the production of iPhone X

Apple has reported a cutback in the production of the new iPhone X, which went on sale late last year. The company announced that due to low sales in the European, Chinese and American markets, the production of the iPhone X will be cut back by half. Apple has already informed the suppliers of component parts about the decrease in the number of orders. Following the sales, Apple shares are slowly going down.

Over the last week, Apple shares fell by 6.3% and will continue their further negative movement on the news. Trading will be available during the American session, from 14:40 to 21:00 GMT.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions