Apple (AAPL) Extends iPhone Production Cuts for Another Quarter - Nikkei

(Updated - April 15, 2016 1:15 PM EDT)

Apple (NASDAQ: AAPL) will extend its iPhone supply-chain production cuts for another quarter, according to Nikkei's Asian Review.

The iPhone giant will continue with lower production of the device in the April-June quarter, the report said citing parts suppliers. The report is citing slow sales of the iPhone 6s and iPhone 6s Plus for the adjustment.

Apple told suppliers it will maintain the 30% production cut it made in the first quarter.

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