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

Friday, August 19, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Aug 19, 2016

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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