NEW YORK (TheStreet) -- Shares of Apple (AAPL) turned red, trading lower by 0.46% to $112.14 Friday morning, after allegations of poor working conditions at the company's suppliers working on the iPhone 6 in China, by U.K. broadcaster BBC.
Apple's Senior VP of Operations Jeff Williams sent an email to 5,000 staff members in the U.K. this morning saying that he and CEO Tim Cook were "deeply offended" by the BBC's claims, CNBC reports.
Yesterday, BBC aired an undercover investigation that made allegations that workers at the Pegatron factories near Shanghai, China were treated poorly, Reuters reports.
BBC also accused Apple of "routinely" breaking promises to protect workers.
The BBC report claimed that workers on 12-hour shifts were exhausted, with one undercover reporter forced to work 18 straight days regardless of "repeated" requests to take a day off.
Earlier this morning, Apple shares were slightly higher after Morgan Stanley said its tracker showed a 67 million unit demand for the iPhone in the December quarter, above its estimate of 62 million units.
Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."