UBS Cut Its Forecast for Apple iPhone Sales, and Now Suppliers Are Getting Hit
Weaker sales and weaker share prices.
iPhone production cut: Is Apple in trouble?
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It's been a rough few months for shares of Apple, and now suppliers of the company's iPhones are getting hit on reports of weak demand.
The falling share price comes on the back of a broader market selloff as well as a note from analysts at UBS, who have cut their iPhone and Apple earnings-per-share estimates on expectations the slowdown will continue in the near term: