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Apple hit by another report saying it may slash production
CNBC added to a growing base of reports that Apple (AAPL) will cut iPhone production, saying that the tech giant “may significantly slash” its iPhone 6S and 6S Plus output. The CNBC report based its information on a report from Japanese news outlet Nikkei, which said that Apple is expected to reduce the output by about 30% between January and March. The report said that inventories of its newest model have piled up in Asia, Europe and the U.S.