According to Reuters, after Apple slashed its quarterly sales forecast last week, the company has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter. The cut exposed weakening iPhone demand in China, where a slowing economy has also been buffeted by a trade war with the United States. Market research firm Canalys estimates shipments fell 12 percent in China last year and expects smartphone shipments in 2019 to dip another 3 percent.

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