Apple Demanding Cost Cuts From Suppliers After 30% Plunge In Orders: Digitimes

– Apple Demanding Cost Cuts From Suppliers After 30% Plunge In Orders: Digitimes:

Apple stock is sliding very modestly for now as Digitimes reports Tim Cook has asked downstream part and component suppliers in Taiwan to reduce quotes for iPhone 7 devices by as much as 20%…even though order volumes for new phones are reportedly 30% lower than those placed a year earlier.

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