Craig Berger, who is a FBR Capital Markets analyst, says in his research report that Apple to significantly cut back its iPhone production by 40 percent in Q4.

The company has already predicted to cut its production output by 10 per cent after selling almost seven million phones in the third quarter, however, the current report indicates a much larger figure.

It is unknown how much inventory Apple builds after the successful launch of the iPhone 3G that got far better response than the original iPhone.

Read the rest of this entry