Shares of
Apple
and its key suppliers fell Wednesday on a report that said the tech giant was scrapping plans to increase production of its latest iPhones this year due to weaker-than-expected demand.
Apple
(ticker: AAPL) stock was down 3.9% in premarket trading and shares in some of the company’s U.S. suppliers also were under pressure.
Qualcomm
(QCOM) stock pointed 3% lower,
Micron Technology
(MU) shares were down 2.2%, and
Skyworks
Solutions (SWKS) fell 3%.
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