Tech Down On IPhone X Fears -- Tech Roundup

FeaturesDow Jones Newswires

Shares of tech companies declined amid signs that Apple is seeing softer-than-anticipated demand for its flagship iPhone.

Apple is reducing planned production of the iPhone X for the three-month period ending March 31, The Wall Street Journal reported, roughly halving its output to 20 million. With iPhone X models starting at $999 a phone in the U.S., Apple may have discovered the upper limits of mass-market smart-phone pricing.

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--Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

January 30, 2018 16:19 ET (21:19 GMT)

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