Apple does not plan to produce enough iPhone SE: Here’s why

Apple Inc will continue its reduced production of iPhones in the quarter ending June in light of sluggish sales, the Nikkei business daily reported, citing parts suppliers notified of the plan.
Apple apparently does not plan to make enough of the newly launched iPhone SE model, the Nikkei report said.
The company’s shares fell 1.8 per cent to $110.05. Shares of some Apple suppliers also fell following the report. Skyworks Solutions Inc was down 1.4 per cent, Broadcom Ltd fell 2.4 per cent