After its profit warning, Apple slashes iPhone production by 10 percent

It's not all that long since Apple celebrated becoming a trillion dollar company, but then just last week it issued a profit warning and its value plummeted. Hot on the heals on this comes the news that Apple is cutting production of new iPhones for the current quarter by a significant amount. The Nikkei Asian Review reports that Apple is slashing production of its current trio of iPhone models by 10 percent in the January-March quarter. See also: New Apple support page addresses the issue of bent iPad Pros Shares plummet following Apple's profit warning, blamed on China, lower iPhone… [Continue Reading]