A security officer and an Apple Store staff are seen before the opening hours of the Apple Store at Tokyo's Omotesando shopping district, Japan, September 22, 2017. REUTERS/Issei Kato
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Shares of Apple Inc. and some of its suppliers fell after a newspaper reported orders for iPhone 8 models have been cut for the rest of the year amid a lukewarm reception.Many analysts already expected that the iPhone 8 would be overshadowed by stronger demand for the higher-end, flagship iPhone X, due out next month. But investors are sensitive to any potential demand weakness for Apple products.With its $999 price tag, the iPhone X will do more to help boost Apple's margins.Apple forecast total sales of $49 billion to $52 billion in the three months through September, a projection investors understood to signal resilient iPhone demand that could also carry over into the December quarter, given the staggered phone release dates.
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