Apple Inc. shares fell in late trading Wednesday after chip supplier Qualcomm Inc. reported that a large customer pared orders more than expected in the quarter. Qualcomm, which reported earnings Wednesday afternoon, supplies modems to Apple for its iPhones, and the information was believed to be a signal that Apple curtailed iPhone production earlier than expected. As Bloomberg News noted, another Apple component supplier, Broadcom Ltd. , made a similar disclosure in its own earnings report earlier Wednesday. Apple stock declined about 0.5% in after-hours action; the company is scheduled to reveal initial iPhone X sales in an earnings report Thursday afternoon.
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