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Apple stock falls after report says company is preparing for 20% fewer iPhone shipments with this year's upcoming models

Apple Inc. AAPL, -0.91% stocks are down 1.four% in premarket trading Friday after the Nikkei Asian Review reported that the corporate has advised providers to prepare kind of 20% fewer iPhone components for brand spanking new gadgets launching later this year. The report, which cites unnamed business sources, said that Apple prepared for up to 100 million devices of its new iPhone models remaining year however is simplest anticipating to ship 80 million of this year's new models. Shares of iPhone providers are also down in premarket trading. Cirrus Logic Inc.'s CRUS, -2.70% inventory has fallen 1.5% and STMicroelectronics NV's STM, -0.84% inventory is down 1.three%. Apple stocks have won 25% up to now 12 months, whilst the Dow Jones Industrial Average DJIA, +0.30% has risen 19%.