'Within expectations:' Apple will cut iPhone production to start 2017 (AAPL)

Apple will trim production of iPhones by about 10% in the January-March quarter, Nikkei reported, citing calculations based on data from suppliers.
The company slashed output by 30% in the January-March quarter in 2016 because of accumulated inventory, Nikkei reported.
Apple sold fewer iPhones in its fiscal 2016 than it had in the previous year for the first time since the iPhone was introduced.
'Within expectations'
A source at a parts supplier told Nikkei that the cut was "within expectations,