Apple Cuts iPhone 18 Pro Production Orders Amid Weak Demand, Rising Prices: Report

Apple has reportedly reduced production orders for the iPhone 18 Pro and Pro Max because demand fell below expectations. Reports indicate that component orders were cut by at least 15% this month, a move attributed to weak demand and rising prices. Following these reports, Apple shares experienced a dip. The company is adjusting its manufacturing volume for these specific high-end models to align with current market interest and the disappointing initial demand figures reported.