and its key suppliers fell Wednesday on a report that said the tech giant was scrapping plans to increase production of its latest iPhones this year due to weaker-than-expected demand.
(ticker: AAPL) stock was down 3.9% in premarket trading and shares in some of the company’s U.S. suppliers also were under pressure.
(QCOM) stock pointed 3% lower,
(MU) shares were down 2.2%, and
Solutions (SWKS) fell 3%.