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Apple shares drop on iPhone 8 demand worries

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Apple shares drop on iPhone 8 demand worries

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(Reuters) – Apple Inc’s <AAPL.O> shares fell 1.5 percent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus. The company has cut orders for both models by about 50 percent for November and December, Taiwan-based Economic Daily News reported, citing a supply chain official. (http://bit.ly/2l4c0EH) Apple could not be immediately reached for comment.

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Savio D’Souza)
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