Apple will halve its iPhone X production target for the first three months of the year to around 20 million units, the Asian Nikkei publishing company has reported, sending its shares down around 2.6% at one stage in the latest session.

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.

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.