In somewhat of a surprising move, Apple has ordered the production of the iPhone 6s and 6s Plus be slashed by around 30 percent, that too in the first quarter of 2016.Reports say that the sales of the iPhones 6s and 6s Plus have been found lacking in number, causing the inventory to enlarge at various retail outlets. Going by which the prices have been decided for this next calendar year quarter. Also the production of the iPhones have been slowed down from January to March so that the existing excess stocks are cleared.

The original speed of production had been decided to continue, but the rate of sales and the piling of excess stock led to the decision of cutting back on the production rate.

The scaling back of the production and prices is nothing new but the news brings forth the idea that the sales statistics must be really appalling.

The cut in production will have a huge impact on the part suppliers in Japan and South Korea, like Japan Display, Sharp,  Sony, LG Display, Alps Electric, TDK, and Kyocera. The result of this has been that the Apple stock has taken a 2% dive.