Bad news for Apple Inc. (AAPL) - Get Apple Inc. (AAPL) Report  weighed heavily on the rest of tech. 

The world's largest company volleyed from small to moderate losses on reports of sluggish demand for its iPhone X.

A report in Digitimes said that Apple has ordered its suppliers to ship just 40% of original iPhone X production plans and hold the remainder. Apple is reportedly waiting for pre-sale orders to begin on Oct. 27 to assess how to go forward in deliveries. When the iPhone 7 was in the pipeline last year, Apple ordered 60% of the total production plans. The iPhone X is Apple's flashier model with a $1,000 price tag.

Monday's losses are just the latest to hit Apple. Last week, the world's largest company was under pressure on reports of weak sales of its iPhone 8 and connectivity issues with its next-generation smartwatch.

In a report Friday, Nomura noted signs of weakness in preorders of the iPhone 8 as slower promotional activities and the launch of the company's special edition iPhone X potentially cannibalize sales.

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Apple confirmed that the new watch had encountered connectivity problems earlier last week. The Apple Watch Series 3 is the first model to link to networks independently rather than through an iPhone. In a statement to The Verge, Apple said the problems occurred when the watches were already using unauthenticated WiFi networks without connectivity. Apple said it was "investigating a fix for a future software release."

Apple shares were down 1% on Monday morning. Semiconductor names such as Nvidia Corp. (NVDA) - Get NVIDIA Corporation Report , Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report  and Ambarella Inc. (AMBA) - Get Ambarella, Inc. Report fell, while the S&P Semiconductor SPDR ETF (XSD) - Get SPDR S&P Semiconductor ETF Report declined more than 1%. The Technology Select Sector SPDR ETF (XLK) - Get Technology Select Sector SPDR Fund Report slid 1.1%. 

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