Apple cuts iPhone 18 Pro production after weaker demand

Apple has reportedly told some suppliers to reduce iPhone 18 Pro and Pro Max production after orders came in at least 15% lower than expected for October. The $100 price hike on both phones and rising memory costs are hitting demand. Apple’s share price dropped over 2.5% on the news. The shift is reportedly affecting some, but not all, component suppliers this month.

• Component orders cut by at least 15% for October
• Price hikes blamed for softer demand
• Some suppliers affected, not all
• Apple shares fell over 2.5% on the news