Market Insider

Apple, suppliers fall after report on production cut

Apple shares fall on iPhone production headline

Shares of Apple fell 2.01 percent Friday after Nikkei reported that the U.S. tech giant will extend its iPhone production cuts in the June quarter.

The Japanese financial news agency said the prolonged cuts are a result of slow iPhone 6S and 6S Plus sales.

Apple models new iPhones replaced after 3 years

Skyworks Solutions and Broadcom, two of Apple's suppliers, also fell following the report's release. Skyworks slid 1.71 percent and Broadcom was 2.1 percent lower.

Apple declined to comment.

Apple's stock has fallen more than 13 percent over the past 12 months, but it is up 13 percent in the last three months.

Apple in 2016