Apple, led by boss Tim Cook, is understood to be curbing the number of iPhones it aims to produce for the rest of the year, knocking its shares.
(Picture: Getty Images)Shares in Apple dropped around 4% in in early trading the US, wiping nearly $100 billion off its value, as investors reacted to news that it had cut back the number of iPhone 14s it planned to make.
The Cupertino-based firm saw its share price drop by 4.05 per cent as reported plans that it had sought to decrease production of its flagship product by 6 million units in the second half of the year appeared to unsettle investors.
