LAS VEGAS/BEIJING -- The impact of Apple's planned 10% cutback in iPhone production for the January-March quarter is reverberating to its suppliers, as faltering Chinese sales cast a shadow over the device, which generates over $160 billion in annual sales.
Apple notified suppliers in the fall to prepare production of components for its three new iPhone models. But sales in China, which accounts for 20% of its proceeds, fell in the October-December period for the first time in six quarters, and global revenue is forecast to decline for the first time in nine quarters.
