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Apple is set to cut iPhone production by 10 percent

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Tech giant Apple is set to cut production of its uber-popular iPhone by 10 percent during the first quarter of 2017 due to a decrease in sales, reports USA Today

Apple is ordering the cut based on information given to them by suppliers. They're making the cuts despite ordering a similar stoppage in production on the iPhone 6s last year. 

The iPhone 7 is still extremely popular, but the company is having an issue meeting demand due to a shortage of camera sensors. 

Apple had hinted that sales would slow. 

Fiscal year revenue 2016 decreased for the first time in fifteen years while fourth quarter iPhone shipments were down 5 percent from this time last year. 

Some online think that second-hand phone sales may have something to do with the drop.

Others think deflation may have something to do with it. 

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