Apple shares drop on iPhone 8 demand worries

Updated - January 08, 2018 at 10:31 PM.

According to media report, the company cut orders for both models by about 50% for Nov and Dec.

Growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus.

Apple Inc's shares fell 1.5 per cent 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 per cent for November and December, Taiwan-based Economic Daily News reported, citing a supply chain official.

Apple could not be immediately reached for comment.

Published on October 19, 2017 11:13