Global Markets: Apple shares fall after iPhone X sales lack

By Commodity News Service Canada
WINNIPEG, Dec. 27, 2017 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Airbus is drawing up contingency plans to phase out
production of the world’s largest jetliner, the A380 superjumbo,
if it fails to win a key order from United Arab Emirates,
according to sources. Any shutdown is expected to be gradual,
allowing Airbus to produce orders it has in hand, mainly from
the United Arab Emirates.
Shares in Apple Inc. and several of its Asian suppliers

fell Tuesday following a report by Taiwan’s Economic Daily and
comments from some analysts who suggested iPhone X demand would
come below expectations in the first quarter. Apple will cut its
sales forecast for the iPhone X to 30 million units down from an
initial plan of 50 million units, according to sources. Apple
has not publicly disclosed quarterly sales targets for the
iPhone X.
British office space provider IWG Plc has received a bid
approach from Canadian private equity firm Onex and Brookfield
Asset Management, it said Wednesday. IWG, the company behind the
Regus brand which runs office spaces in about 3,000 locations in
over 1,000 cities, did not disclose any further details about
the possible cash offer.

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