Apple shares fall after reports of cuts to iPhone 6S and 6S Plus production

Cuts come after softer demand for new Apple iPhone handsets causes inventories to build up, reports say

Apple is expected to cut production of its latest iPhone models by about 30% in the January-March quarter due to mounting inventories, it has been reported, rattling the nerves of investors in the US tech giant's Asian suppliers.

As inventories of the iPhone 6s and 6s Plus have piled up since they were launched last September, production will be scaled back to let dealers go through their current stock, the business daily Nikkei reported.