Analyst: Apple cutting iPhone production
Fresh off a blowout quarter for the iPhone, Apple may be cutting back on production of the device heading into what could be a slow holiday season.
Craig Berger of FBR Capital Markets said in a research note Monday that his research indicates Apple has cut back on orders for the iPhone 3G by as much as 40 percent during the fourth calendar quarter of the year, compared with Apple's order for the third quarter. Apple sold 6.9 million iPhone 3Gs during the third quarter, but it's not exactly clear how many it ordered, so there are … Read more