Apple shares hit hard by reports of production cuts

Rumors of a slowdown in iPhone 4S sales called "off base." iPad may be a different story

Apple (AAPL) shares opened down $9.23 (2.3%) following a report Wednesday in Taipei-based DigiTimes that the company had "slashe[d]" iPhone and iPad component orders for the holiday quarter, traditionally Apple's biggest.

"According...

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