×

Apple shares drop on iPhone 8 demand worries

Oct 19 (Reuters) - Apple Inc's shares fell 1.5 percent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus.

The company has cut orders for both models by about 50 percent for November and December, Taiwan-based Economic Daily News reported, citing a supply chain official. (http://bit.ly/2l4c0EH)

Apple could not be immediately reached for comment. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Savio D'Souza)