Apple's stock is up 12% since the beginning of the year.
"This news needs to be viewed in the context of Apple probably being overly optimistic last year in relation to the prospects for its new phones, leaving it with excess inventory in the first part of this year", Atlantic Equities analyst James Cordwell said.
Though Apple has warned observers not to make assumptions about its plans or sales based on supply chain reports - and such assumptions led to conflicts between Apple and analysts over the iPhone X's relative strength this year - the reports can provide a glimpse into the notoriously secretive company's expectations. Last year it ordered 100 million units of iPhone 8, iPhone 8 Plus, and iPhone X, this year it only wants 80 million units of the newer models.
Nikkei Asian Review, citing several sources, have noted that Apple's orders indicate a reduced sales production by up to 20 per cent.
US -based supplier Advanced Micro Devices (AMD.O), Micron Technology (MU.O) Intel (INTC.O), Broadcom Inc (AVGO.O) and Qualcomm Inc (QCOM.O) were all down between 1 percent and 4 percent.
Ferrari under fire for confusing Toronto skyline for Montreal
Even a member of the city Council of Toronto could not resist and took part in the action, writing: " Montreal looks familiar...". Ferrari's Kimi Raikkonen was 0.13 seconds slower, followed by Verstappen's Red Bull teammate and Monaco victor Daniel Ricciardo .
Weinstein pleads not guilty to rape, sex assault charges
Brafman says the rape complaint came from a woman who had a 10-year affair with Weinstein, but the information was not confirmed. Vance Jr. has said it was predictable that Weinstein's camp would attack the integrity of the women and of the legal system.
Chris Paul Wants Max Deal Which Could Hurt Rockets in LeBron Race
Despite being among the NBA's elite point guards when healthy, injuries have derailed the 33-year-old throughout his career. Paul averaged 18.6 points, 5.4 rebounds, 7.9 assists and 1.7 steals per game this season, his first, in Houston.
As per reports, Apple is planning to release three new iPhone models in 2018, with the announcement expected to he held during the company's annual keynotes.
Apple reported iPhone unit sales of 52.2 million in its most recent quarter, slightly below the Thomson Reuters consensus estimate of 52.3 million.
Despite the media reports that demand for the $1,000 iPhone X has fallen, Apple's market cap has continued to rise and is approaching $1 trillion.