[Trevor Barnes]

Originally Posted by TurboSpartan

Hey Trevor have you heard if there's any truth to the rumor they're going to cut the iphone production order in half?

Apple Sinks on iPhone Cutback Talk - Business Tech - Small Business and Technology Focus - AAPL - BRCM

I'm not sure if there's anything to it, but the stock slipped 6.84% today, I assume based on that.

Yeah, analysts are already saying to disregard it, including the company that it supposedly originated from.

Apple shares slipped more than $5.00 or 3.5 percent in early morning trading on the Nasdaq stock market after TheStreet.com reported on a research note from Miller Tabak which allegedly asserted that Apple was reducing its production of iPhones from "9 million units to 4.5 million units.”

However, Miller Tabak analyst Peter Boockvar later told AppleInsider that his firm authored no such note on Apple. Instead, he said, gossip was passed along during a conversation and was subsequently overblown.

"Disregard it. There's no note on Apple today," Boockvar said. "It's pure noise."

Basically it was a false rumor. Shocking.