Japanese and South Korean component suppliers are bracing for a significant drop in their business with Apple, reports Nikkei. Citing lackluster sales, the outlet claims that the Cupertino firm is expected to reduce output of its latest iPhone models by around 30% for the January-March quarter.
"The U.S. company had initially told parts makers to keep production of the iPhone 6s and 6s Plus for the quarter at the same level as with their predecessors. But inventories of the two just-launched models have piled up at retailers in markets ranging from China and Japan to Europe and the U.S."