Apple's iPhone Order Cut Report May Hurt These ETFs

Shares of  Apple ( AAPL )declined about 1% on Jun 8 thanks to reports that the tech giant is likely to ship fewer iPhones in the second half of 2018. Apple has reportedly told its supply chain to manufacture about 20% lesser(compared with 2017’s orders) components for iPhones slated to be unveiled in the second half of this year, per Nikkei.

Apple is expected to launch three new iPhones this year, expected to be shipped in September.