Apple hits the skid after Nikkei report that iPhone production cuts up to 30%

Trading at 102.80

Apple shares have hit the skids after a report that Apple will cut production of iPhone 6 by up to 30%. The shares were trading above and below 104.00 before the report was circulated. It is now trading at 102.80.

Here is the link to the article: http://asia.nikkei.com/Business/Trends/Parts-makers-brace-for-iPhone-production-cut

The S&P is trading at 2004 down -0.38% at the moment.

The Nasdaq is trading at 4873.37 down -0.60%