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Apple shares fall 2.3% after iPhone 18 Pro order cut report

Apple shares fell 2.3% in the morning after a supply-chain report said Apple instructed suppliers to reduce iPhone 18 Pro and iPhone 18 Pro Max component orders by at least 15% for October.

AAPL

3% in morning trading after a supply-chain report said the company had told suppliers to cut component orders for its iPhone 18 Pro and iPhone 18 Pro Max by at least 15% for October. The report, published by Nikkei Asia, said the reduction applied to the two models and that the move was tied to the October order period.