The business insider article actually used the word "screwed"?
And we are supposed to take the author seriously? The "news" is concerning but the mysterious sources (Mr. Zhang) and the 3rd grade vocabulary like "screwed" seem too absurd even for today's low standards. If these aren't true, Apple needs to take swift action here and come out this morning and say these are completely fabricated and slap about a $5B lawsuit against the Financial Times to cover market share loss. That should put an end to this Sesame Street reporting.
Typical emotional and biased reporting on Apple. The hyperbole in the business news about Apple is ridiculous. By the way, I do not consider the reduction to production (if true) to be concerning. They will soon be preparing inventory levels of existing products for the ramp up of new products. It's called operational and inventory management.
Anyone have data as to how "normal" this is given seasonality (after holiday quarter) and new product ramp-up. It would seem to me that a new produc ramp up would still require the same production capability if not more. The more logical answer is a shift in manufacturing to domestic (hinted by POTUS) at least partially or to another manufacturer to spread risk out. All smart moves if true. Regardless, Apple needs to comment on this in my opinion. I realize they shouldn't comment on every rumor but they need to stabilize the stock from this relentless attack.