Apple shares fall on weak iPhone 8 sales report

Shares of Apple and some of its suppliers fell yesterday on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X.

Taipei-based Economic Daily News reported that Apple had cut orders for its latest model, which went on sale last month, by more than 50%.

The newspaper didn’t identify its source or elaborate on what sort of orders had been pulled, or how it arrived at that number. An Apple spokeswoman declined to comment.