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Top Apple Supplier Plans Rare Holiday As Output Fears Rattle Investors

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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An iPhone 6S Plus is seen at the Apple retail store in Palo AltoBy J.R. Wu TAIPEI (Reuters) - Foxconn, assembler of most of Apple Inc's latest iPhones, will cut working hours over the week-long Lunar New Year holiday, a person familiar with the matter said, in a rare move that analysts interpreted as a sign of softening demand. Reports of slowing shipments and mounting inventories of the iPhone 6S and 6S Plus, as well as tepid forecasts from suppliers, have pushed Apple investors into unfamiliar territory after years of booming sales and surging shares. Apple shares lost 2.5 percent, and those of suppliers similarly fell.




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