Apple Is Significantly Slashing Its iPhone Orders For The Rest Of The Year, Says Jefferies (AAPL)

Apple is cutting its iPhone orders for the rest of the year, Jefferies analyst Peter Misek says in a new note, citing supply chain checks.

 

He says iPhone build plans for the July-September period are now 25-30 million units, down from 40-45 million. For the holiday quarter, he says Apple is planning to build 50-55 million iPhone units, down from an original build plan of 60-55 million units.

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Read more: http://www.businessinsider.com/apple-cuts-iphone-orders-says-analyst-2013-6#ixzz2X8tWC5cP

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