Apple Shares Fall After Report of iPhone 18 Pro Order Cuts
Apple shares fell more than 2.5% in early trading after Nikkei Asia reported cuts to iPhone 18 Pro component orders. October orders were reportedly reduced by at least 15% as higher memory costs and $100 price increases weighed on demand.
Apple shares fell more than 2.5% in early trading after Nikkei Asia reported that the company was cutting component orders for the iPhone 18 Pro.
The report said October orders had been reduced by at least 15%. The cut was attributed to weaker-than-expected demand for the smartphones.
Factors weighing on demand
Nikkei Asia also cited higher memory costs and $100 price increases as factors weighing on demand. The report did not specify how orders for individual components had changed.
The market reaction came during the early trading session, when Apple shares lost more than 2.5%. The supplied report gave no other reasons for the share-price move.
What we know
- Apple cut October component orders for the iPhone 18 Pro by at least 15%, Nikkei Asia reported.
- The company’s shares fell more than 2.5% in early trading.
- Nikkei Asia attributed the cut to weaker-than-expected demand.
- Higher memory costs and $100 price increases were also reported as weighing on demand.
Trust: Single source
- The story relies on one publisher. A second independent confirmation has not been established from the cited sources.
- Sources: MacRumors.
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